According to a post and video by ABC7 in New York, a $450 million counterfeit ring has being discovered.
From ABC7 NY,
$450 million counterfeit ring bust one of largest in New York City history.
NEW YORK CITY (WABC) —
Nearly two dozen people have been arrested in what authorities are calling one of the largest counterfeit goods takedown in New York City’s history.
Agents from Homeland Security Investigations and the NYPD shut down the alleged luxury counterfeit goods operation Thursday morning, with 22 suspects accused of illegally bringing millions of dollars worth of Chinese-manufactured goods into the United States by smuggling them through ports of entry on the East and West coasts.
One defendant is additionally charged with unlawful procurement of naturalization.
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