161249 whiteiphone4now 500

The New York Observer reports on Fei Lam, a 17-year-old student from Queens, New York, who has turned a connection to parts producers for the white iPhone 4 into a six-figure business in just a few months.

According to Lam, who speaks fluent Chinese, about six months ago he was able to make a connection with Apple's infamous overseas supplier. "I knew a guy from a few years back that had somewhat of a relationship with folks in Foxconn," Lam told The Observer by email.

Lam created a site, whiteiphonefournow.com, to sell conversion kits that turn regular iPhone 4's into their elusive white version.

Riding on the publicity generated by tech blogs and mainstream news sites alike, Lam has reportedly managed to sell over $130,000 worth of the conversion kits since August, currently pricing the full kits at $279 for a front and back panel, as well as a white home button.

Lam's success has not gone unnoticed, however, as he has now received a letter from a purported private investigator claiming that Lam is trafficking in stolen goods. Lam intends to secure the services of a lawyer to defend himself against any possible action.

Related Forum: iPhone