October 9, 2019
By Melissa Stanton
U.S customs and Border protection in L.A. have seized more than 14,000 pairs of counterfeit shoes of the popular Nike brand. The estimated cost is around 2.2 million dollars if sold at retail. The report had stated that the products were declared as napkins, before being searched and seized by officials and charged with “infringement on a Protected Trademark”. The director of border patrol stated “Intellectual property theft is a crime that leads to lost revenue for American industry, a loss of American jobs, and often poses a threat to public health and safety,” and according to Footwear news “the global market for counterfeit goods has ballooned into an estimated trillion-dollar industry.”.