Seizure of Fake Rolexes Leads Authorities to $16M Counterfeit Goods Ring
The trail led to a couple in Lawrenceville, Georgia, who were charged with possession and sale of goods bearing a counterfeit trademark.
According to a CBP press release, the case started last fall when customs officials decided to examine two shipments that had arrived in Memphis Sept. 28, originating from the Mexican state of Chihuahua and heading to a residence in Lawrenceville, Georgia.
Inside the packages, they found an assortment of fake Rolexes, including 19 Submariners, 15 Yacht-Masters, 10 Sky-Dwellers, 10 Datejust watches, three Daytonas, and two Rolex Oyster Perpetuals.
Customs officials also found five pairs of counterfeit Chanel sunglasses, two pairs of Versace sunglasses, and a Louis Vuitton duffle bag.
The second shipment contained 20 fake Louis Vuitton tote bags.
CBP said the counterfeit goods, which had an actual value of more than $1 million, were turned over to Homeland Security Investigations, a division of Immigrations & Customs Enforcement, which continued its coordinated efforts with officials in Gwinnett County, where Lawrenceville is located.
A three-month investigation led officials to a couple in Lawrenceville, Georgia.
On Nov. 18, the Gwinnett Police Department Special Investigation Section Vice Unit seized more than 9,000 counterfeit goods, valued at more than $15.8 million, from a business named Real Moda.
Officers found counterfeit items stored in multiple locations, including at Real Moda’s store, and advertised for sale on Facebook, according to CBP.
The 31-year-old woman and the 33-year-old man, whose names were not provided, were arrested and charged with possession and sale of goods bearing a counterfeit trademark.
They were released on bond earlier this month.
“According to the arrested sellers, their customers knew they were buying counterfeits, which is maddening,” said Michael Neipert, Memphis Area Port Director.
“Why would you want to walk around with a fake $18 Louis Vuitton tote, $1,522 cheaper than an original? That’s uncouth. It diminishes the original product.”
The rise of e-commerce has given counterfeit goods more ways to reach U.S. consumers, said CBP.
Officials said they have seized more than 83,000 shipments for trade violations in the current fiscal year, with counterfeit watches and jewelry making up nearly half of the total retail value of seized goods.
Sponsored by HiBid
Rare & Forever is helping to create an enjoyable diamond buying experience for the millions of newly-engaged couples.
It is the fifth acquisition under the ownership of private equity firm Epiris, which bought Bonhams in 2018.
Experience all the Italian Jewelry market has to offer in Las Vegas.
Retail ounce sales were up 23 percent year-over-year in Q1, according to the recent Platinum Jewellery Business Review.
Scheduled for Sept. 8-11, the event will comprise more than 310,000 square feet of show floor, exhibits, and education space.
Continental Diamond in Minneapolis is awarding a total of $25,000 in prizes via daily sweepstakes.
“Confluence” is happening in August.
He first took a job at then Philadelphia-based Jewelers’ Circular-Keystone in 1963 and retired in 1996.
It cited two recent cases in California, plus incidents in Florida, Kansas, and Illinois.
The 10,000-square-foot location allows for expanded collections from design partners while continuing custom design and other services.
Svetlana Lazar’s “Wishing Well” collection utilizes an innovative component to mimic the movement of water beneath them.
Sponsored by AGTA
All proceeds up to $25,000 will benefit the It Gets Better Project, a nonprofit that supports LGBTQ+ youth.
It’s a reminder that life is best lived with discretion.
The end-to-end software allows for real-time control over all sales, inventory, repairs, customer communications, and marketing.
Associate Editor Lenore Fedow shares her impressions of the Las Vegas Antique Jewelry & Watch Show and a few of her favorite finds.
The Asian Institute of Gemological Sciences aims to set a color standard for the trade name.