64-Year-Old Woman Busted for Counterfeiting Luxury Bags Using Her Sewing Machine
A 64-year-old Japanese woman from Tokyo’s Katsushika Ward has admitted to counterfeiting luxury bags and wallets in the comfort of her own home and selling them in her small shop as originals. The unnamed woman’s story began a few years ago when she opened a small bag shop in Katsushika where she tried to sell […]
China’s Rich Paying Big Money on Learning How to Recognize Fake Luxury Goods
With counterfeit luxury goods getting harder and harder to spot, China’s rich are paying thousands of dollars for specialized courses on how to tell apart authentic luxury products from fakes. China’s domestic luxury market is currently valued at approximately 4 trillion yuan ($617.7 billion) and that’s not even taking into account the second-hand luxury goods […]
Start-Up Creates Portable Scanner That Can Detect Fake Designer Goods
New York-based startup Entrupy has invented a small, portable scanner that rich people can use to check the authenticity of designer bags in mere seconds. According to data from the Organisation for Economic Co-operation and Development, the global counterfeit industry is worth around 460 billion dollars, a big chunk of which involves counterfeit luxury goods from […]