Posted by Barry Silverstein on December 10, 2009 04:20 PM
For years, luxury brands and hot-selling products have faced a chronic problem unrelated to the economy: counterfeits. But in today's money-tight market, cheap fakes of such brands as Chanel, Gucci, Rolex, and Tiffany are more popular than ever.
That's why the city of New York is taking swift action during this holiday season. In the last two days, New York police have raided locations in Manhattan's Chinatown, an area in which counterfeit brands are as common as city traffic lights. The raids came about through a special crime unit that has been making uncover purchases of counterfeit goods, and the operation has already resulted in the seizure of $1 million worth of fake bags and watches.Continue reading...