BUSINESS
March 5, 2012 | By Shan Li
More than two dozen people were charged in a $325-million counterfeit ring to import knockoffs from China and Taiwan through a port in New Jersey, authorities said. Using undercover agents and wiretaps, federal law enforcement agencies uncovered "two elaborate schemes" to elude border security and transport counterfeit apparel, accessories, cigarettes and illegal drugs into the Newark-Elizabeth Marine Terminal, the U.S. district attorney's office in New Jersey said in a statement.
BUSINESS
February 13, 2012 | By Stuart Pfeifer, Los Angeles Times
Here is a roundup of alleged cons, frauds and schemes to watch out for. Counterfeit luxury items Bargain hunters should take extreme care when shopping for discounted brand-name merchandise on the Internet, the Better Business Bureau said in a recent bulletin. Websites such as Craigslist and EBay have been used to sell counterfeit items, the BBB said. Plus, some firms have set up their own websites to market knockoff luxury goods, which often are of poor quality and likely to disappoint buyers, the group said.
NEWS
February 12, 2012 | By Stuart Pfeifer
Here is a roundup of alleged cons, frauds and schemes to watch out for. Counterfeit luxury items - Bargain hunters should take extreme care when shopping for discounted brand-name merchandise on the Internet, the Better Business Bureau said in a recent bulletin. Websites such as Craigslist and EBay have been used to sell counterfeit items, the BBB said. But some firms have also set up their own websites to market knockoff luxury goods, which are often of poor quality and likely to disappoint the consumer, the group said.
BUSINESS
February 3, 2012 | By Shan Li, Los Angeles Times
Mirabelle Vargas, 29, winds her way through the open-air stalls in downtown Los Angeles' bustling Santee Alley, hunting for Victoria's Secret underwear. Or at least undies with a tag that says Victoria's Secret. An authentic pair from the lingerie maker can cost $7.50 and up. But Vargas, a retail sales clerk, managed to find a table brimming with pink-and-white unmentionables. Price: two bucks a pop. "Of course they're not real, not at this price," said Vargas, decked out in a chocolate brown Victoria's Secret tracksuit, also counterfeit.
BUSINESS
January 14, 2012 | By David Pierson, Los Angeles Times
The lamb chops were cooked to perfection. Fine wines flowed. Then came the piece de resistance: a 1997 Chateau Petrus Pomerol that can fetch about $2,000 a bottle. Wine consultant Frankie Zhao was dining with a group of well-to-do Chinese businessmen at an exclusive private club in the capital. Their host was eager to share — and show off — the prized French Merlot. But after the first sip, veteran taster Zhao knew the collector had been duped. "I could tell immediately it was a fake," said Zhao, who kept silent rather than embarrass his unwitting friend.
CALIFORNIA | LOCAL
December 13, 2011 | By Andrew Blankstein, Los Angeles Times
U.S. Customs officials said Monday that they caught someone trying to import counterfeit and unsafe lighting fixtures depicting Santa Claus and Frosty the Snowman. The holiday decorations were seized at the Los Angeles/Long Beach seaport complex between Nov. 23 and 25 in two shipments from China and had an estimated retail value of $173,000. The lighting displays had phony Underwriters Laboratories product safety certification labels and had not undergone the rigorous scrutiny required by the organization.