Authorities in New York say they’ve made largest-ever seizure of knock-off goods - more than $1B

2024-12-25 13:16:10 source:lotradecoin competition category:Markets

NEW YORK (AP) — Federal authorities in on Wednesday announced the largest-ever seizure of counterfeit goods, consisting of handbags, shoes and other luxury merchandise valued at more than $1 billion.

Two people were charged with trafficking the knock-offs from a New York City storage unit and other locations from January through October, the U.S. Attorney’s office said.

Photographs released by prosecutors showed shelves stacked with counterfeit wallets and bags in one location and handbags hanging from hooks from floor to ceiling in another.

“The seizures announced today consist of merchandise with over a billion dollars in estimated retail value, the largest-ever seizure of counterfeit goods in U.S. history,” U.S. Attorney Damian Williams said.

The two men charged could face up to 10 years in prison if convicted.

More:Markets

Recommend

Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Follow Your Dreams

There are spoilers ahead. You might want to solve today's puzzle before reading further! Follow Your

3 people questioned after 4 students shot in parking lot of Atlanta high school: What we know

Four students were injured when shots were fired in the parking lot of Benjamin E. Mays High School

Judge denies requests to limit evidence ahead of armorer’s trial in fatal ‘Rust’ shooting

SANTA FE, N.M. (AP) — A New Mexico judge warned special prosecutors and defense attorneys Wednesday