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Speaking of that covetable and most likely unattainable Louis Vuitton World Cup trophy case, which will probably be sold on the fake marketplace sometime in the near future—the rise in luxury goods counterfeiting is making the news today. WWD sheds more light on the growing issue, along with an upcoming CNBC expose, “Crime Inc.: Counterfeit Goods", airing at 9pm on Wedesday. Recently three high-profile busts and court wins involving Coach, Gucci, Versace and tens of millions of dollars made the news, but that's just the tip of the iceberg.
Buying fakes doesn't just hurt "the man" by draining up to $250 billion in revenue, the every-man pays, too, with the loss of 750,000 jobs a year. Ouch. Also, counterfeiting is becoming the illegal fundraiser of choice for terrorists and organized crime syndicates these days since prosecution is hard and the punishment is lighter than, say, dealing weapons or drugs. If those reasons don't sway you, then how about this: Buying fakes can actually harm you. There are cases of fake handbags testing high for lead content and those cheap and fake shampoos and beauty products on the street? High levels of bacteria. Not worth it, people.
· Louis Vuitton x World Cup [Racked National]
· Fakes Continue to Grow, Despite More Seizures [WWD, subscription req'd]
· Photo Credit