US seizes $1 bn worth of fake luxury goods in NY
New York (AFP) - Anyone who walks the streets of Manhattan can observe sidewalk vendors hawking counterfeit luxury products. It's big business, really big. Just how big became clear Wednesday when prosecutors announced the "largest ever seizure of counterfeit goods in US history" -- a massive haul of about 219,000 fake handbags, shoes, clothing and other items. "The seizures announced today consist of merchandise with over $1 billion in estimated retail value, the largest-ever seizure of counterfeit goods in US history," federal prosecutor Damian Williams said. Counterfeit goods commonly have ...