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New York authorities largest-ever seizure of knock-off goods, worth over $1B
- cantSpellSober 3y agoWhere does the "over $1B" figure come from? > premises controlled by SOW have resulted in the seizure of [...] items with a total estimated MSRP of over $502 million > premises controlled by JALLOH have resulted in the seizure [...] items with a total estimated MSRP of over $237 million So that's "just" $739M, and as the press release concedes: > The street value of counterfeit goods typically is significantly lower than the MSRP ...but we're valuing them based on MSRP? https://www.justice.gov/usao-sdny/pr/largest-ever-counterfeit-goods-seizures-result-trafficking-charges-against-two#_ftn1 https://www.justice.gov/usao-sdny/pr/largest-ever-counterfei...