According to WWD, three defendants were indicted and arrested last week for importing
more than 300,000 counterfeit luxury handbags and wallets with an
estimated value of $100 million.
The China made goods, were labeled Burberry, Louis Vuitton, Coach and Gucci.
to court documents, a motion to seal the case was filed October 2, 2007, but was unsealed Wednesday. Chong Lam, Siu Yung Chan, also known as
Joyce Chan, and Eric Yuen were charged with one count of conspiracy to
traffic counterfeit goods, four counts of trafficking counterfeits and
two counts of illegal smuggling.
Lam and Chan were arrested in
New York on Wednesday. Yuen was arrested on Thursday in Las Vegas. Also
on Wednesday federal U.S. Immigration and Customs Enforcement agents
searched the defendants store on West 30th Street in New York and
executed a restraining order to seize assets which included 29 bank accounts and three New York properties. Investigators
estimated that the defendants had received at least $16 million from
sales of the illicit goods.
The penalties in the case could be
as much as 55 years in prison and $8.75 million in fines for each
defendant if they are convicted.
Good luck with that….
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40