Not necessarily.
This sounds like an insider job with the data being used for a ridiculously stupid scam envisioned by Dumb and Dumber.
So it is quite possible that all interested parties are already packed and in the bag before the data was resold on the market.
In fact, if they were not so terminally Dumb, they would have made more money reselling the data then buying 8 phones (even if those were platinum plated ones).