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New York authorities largest-ever seizure of knock-off goods, worth over $1B

3 pointsby DocFeindover 1 year ago

1 comment

cantSpellSoberover 1 year ago
Where does the &quot;over $1B&quot; figure come from?<p>&gt; premises controlled by SOW have resulted in the seizure of [...] items with a total estimated MSRP of over $502 million<p>&gt; premises controlled by JALLOH have resulted in the seizure [...] items with a total estimated MSRP of over $237 million<p>So that&#x27;s &quot;just&quot; $739M, and as the press release concedes:<p>&gt; The street value of counterfeit goods typically is significantly lower than the MSRP<p>...but we&#x27;re <i>valuing</i> them based on MSRP?<p><a href="https:&#x2F;&#x2F;www.justice.gov&#x2F;usao-sdny&#x2F;pr&#x2F;largest-ever-counterfeit-goods-seizures-result-trafficking-charges-against-two#_ftn1" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.justice.gov&#x2F;usao-sdny&#x2F;pr&#x2F;largest-ever-counterfei...</a>