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Friday
Mar022012

Counterfeit Crackdown: Authorities Bust $325M Ring

Dept of Justice(NEW YORK) -- Arrests are being made across the country and around the world Friday in an operation to crack down on the smuggling of counterfeit goods.

Prosecutors and FBI agents in New Jersey have busted what they say was an attempt to smuggle $325 million worth of goods from China to a port in Elizabeth, N.J. The bust turned up knockoff UGG boots, Nike sneakers and Luis Vuitton handbags, among other products.

[ CLICK HERE FOR PHOTOS OF THE COUNTERFEITS ]

More than 26 arrests have been made across New York, New Jersey, Texas, China and the Philippines in what prosecutors say is one of the largest counterfeit smuggling operations ever, with "drastic" economic consequences.

Copyright 2012 ABC News Radio







ABC News Radio