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\nTwo shipments containing over $1.7 million worth of counterfeit jewelry and accessories were confiscated in Louisville on Monday night.<\/p>\n
\nTwo shipments containing over $1.7 million worth of counterfeit jewelry and accessories were confiscated in Louisville on Monday night.<\/p>\n
U.S. Customs and Border Protection (CBP) officers stopped and inspected shipments containing designer rings, watch bands and phone cases.<\/p>\n
The items found in those shipments were deemed to be counterfeit by the Customs and Border Protection\u2019s Centers of Excellence and Expertise, the agency\u2019s trade experts.<\/p>\n
The first shipment contained 2,500 rings with Versace, Gucci, Bvlgari, and Rolex logos. The merchandise was arriving from Hong Kong and was heading to Suwanne, Georgia.<\/p>\n
The second shipment also arrived from Hong Kong and was headed to a residence in Orlando, Florida. The shipment contained 319 phone cases and 210 watch bands with Louis Vuitton logos, and 60 watch bands with Gucci logos.<\/p>\n
The items in both shipments were seized for infringing on the designer\u2019s protected trademarks.<\/p>\n
According to U.S. Customs and Border Protection, the illicit trafficking of counterfeit goods offers criminals a complementary source of income and a way through which they can launder money.<\/p>\n
Money received from the sale of counterfeit products can be channeled towards the further production of fake goods or other illicit activities. <\/p>\n
Counterfeiting is a hugely profitable business, with criminals relying on the continued high demand for cheap goods coupled with low production costs.<\/p>\n
Had all these items been genuine, the Manufacturer\u2019s Suggested Retail Price would have been $1.76 million. On a typical day in fiscal year 2022, Customs and Border Protection seized $8 million worth of products with Intellectual Property Rights violations. <\/p>\n
The U.S. Customs and Border Protection encourages anyone with information about counterfeit merchandise illegally imported into the United States to submit an e-Allegation. The e-Allegation system provides a means for the public to anonymously report to Customs and Border Protection any suspected violations of trade laws or regulations related to the importation of goods in the U.S.
\nSource: WHAS11<\/p>\n","protected":false},"excerpt":{"rendered":"
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