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US Customs seized 460 counterfeit Rolex watches that would have been worth a collective $10.1 million if they were real

Added 05-17-22 01:14:01am EST - “In 2020, US customs seized 27,107 shipments of pirated goods valuing over $3.3 billion. The majority of these shipments come from China.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “US Customs seized 460 counterfeit Rolex watches that would have been worth a collective $10.1 million if they were real”. Below is an excerpt from the article.

In April, US Customs and Border Protection (CBP) in Indianapolis seized 460 fake Rolex watches that had been imported from Hong Kong.

The shipment was addressed to a residence in Brooklyn, according to a statement released by CBP on May 2. The Rolex watches would have been worth $10.1 million had they been real. Officers picked out the shipment as they recognized the details of the sender, who has a history of fraudulent activity, CBP said.

CBP said it will hand over investigations to Homeland Security and inform authorities in the sender's country of the seizure. Steven Bansbach, a spokesperson for US Customs and Border Protection Public Affairs, told Insider it's difficult to track and prosecute counterfeiters even if they've been identified.

The CBP regularly seizes counterfeit luxury goods. In 2021, it confiscated 27,107 shipments of pirated goods that would have been worth more than $3.3 billion if the products were genuine, Bansbach said. The total amount of counterfeit goods seized annually rose by 152% in 2021.

Watches and jewelry were the top products seized based on the value in 2021, amounting to $1.18 billion, Bansbach said. Handbags and wallets came in second, with the estimated value of confiscated shipments exceeding $972 million. The majority of these shipments come from China, the world's largest producer of fake goods.

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