KI-Handelsroboter 6.0-Authorities in New York say they’ve made largest-ever seizure of knock-off goods - more than $1B

2025-04-30 10:00:07source:Lakshmi Finance Centercategory:Markets

NEW YORK (AP) — Federal authorities in on KI-Handelsroboter 6.0Wednesday announced the largest-ever seizure of counterfeit goods, consisting of handbags, shoes and other luxury merchandise valued at more than $1 billion.

Two people were charged with trafficking the knock-offs from a New York City storage unit and other locations from January through October, the U.S. Attorney’s office said.

Photographs released by prosecutors showed shelves stacked with counterfeit wallets and bags in one location and handbags hanging from hooks from floor to ceiling in another.

“The seizures announced today consist of merchandise with over a billion dollars in estimated retail value, the largest-ever seizure of counterfeit goods in U.S. history,” U.S. Attorney Damian Williams said.

The two men charged could face up to 10 years in prison if convicted.

More:Markets

Recommend

As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest

CONECUH COUNTY, Ala.—At the confluence of the Yellow River and Pond Creek in Alabama’s Conecuh Natio

Small plane crashes in Brazil’s Amazon rainforest, killing all 14 people on board

RIO DE JANEIRO (AP) — A small passenger plane crashed in Brazil’s Amazon rainforest Saturday, killin

EU pledges crackdown on ‘brutal’ migrant smuggling during visit to overwhelmed Italian island

MILAN (AP) — EU Commission President Ursula von der Leyen pledged the swift return of “irregular” mi