The mega-million-dollar counterfeit luxury goods industry took a major hit yesterday, when a ring of Chinese knock-off smugglers that imported $200-million of faux Ralph Lauren and Baby Phat was thoroughly busted by the feds. Twenty shipping containers full of fake goods were bribed on through the ports of Jersey. A sad day for the aspirational but working classes! Christmas just got a lot more expensive for the ladies who love fake handbags and cruising Canal Street.

10 Charged With Smuggling $200 Million in Fake Goods [NYT]
Photo: Phat Albert [Flickr]

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