Chinatown Counterfeiters Settle Up With City, Live to Counterfeit Another Day
The owners of the "Counterfeit Triangle" -- a single triangular block in Chinatown bounded by Canal, Centre, and Walker Streets -- have agreed to pay $800,000 to the city, thereby reopening the block for "legitimate purposes." The settlement comes after a 2008 raid that shut down 32 storefronts and totally screwed quite a few editorial assistants as well as everybody looking for fake Gucci bags to bring back to their friends in Milwaukee.
Bebeto Matthews/Associated Press
The Mayor's Office of Special Enforcement, however, lucked out with some primo counterfeit merch in the raids, including "Rolex" watches, "Tiffany" jewelry, and pretty legit-looking Coach, Gucci, and Chanel handbags -- products with an estimated street value of more than $1 million.
So, next time you see Bloomberg rocking his "Oakey" sunglasses and new "Pradaa" briefcase -- well, just sayin'.