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

2025-05-04 02:42:21source:Surpassingcategory:Invest

NEW YORK (AP) — Federal authorities in on Benjamin CaldwellWednesday 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:Invest

Recommend

Newly elected West Virginia lawmaker arrested and accused of making terroristic threats

CHARLESTON, W.Va. (AP) — A newly elected state lawmaker in West Virginia is facing at least one felo

Modest Swimwear Picks for the Family Vacay That You'll Actually Want to Wear

We independently selected these deals and products because we love them, and we think you might like

Amazon CEO says company will lay off more than 18,000 workers

Amazon is laying off 18,000 employees, the tech giant said Wednesday, representing the single larges