U.S. Customs and Border Protection (CBP) officers in Louisville recently seized 20 fraudulent Rolex watches in a shipment from Hong Kong, the agency announced on Thursday. Had the watches been authentic, they would have a market value of over $491,000, according to the CBP. The shipment, destined to a residence in Miami, was seized at the Port of Louisville. The fake watches were manifested as plastic cards and had a total declared value of $100. “Consumers should be aware that if a known high-value brand is being offered for an unusually low price, it could very well be fake. CBP encourages the use of reputable vendors for your valuable purchases,” stated Thomas Mahn, Louisville Port Director, in a statement. Counterfeiting poses a serious risk to the U.S. economy. According to 2016 U.S. government statistics, counterfeit goods and piracy wiped out between $200 and $250 billion to the U.S. economy annually, while …
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