It’s looking ling the days of selling counterfeit goods on Canal Street is coming to an end.
Manhattan’s Chinatown is known as a shopping mecca where tourists from all over the world come to purchase bags, trinkets and other items to take home.
But when one thinks of Canal Street, the first thought is often the availability of fake or counterfeit luxury bags. Gucci, Louis Vutton, even high end Hermes Berikin Bags can be found for sale, and are often indistinguishable from the real thing.
Councilwoman Margaret Chin has submitted a bill that would make it a Class A misdemeanor to purchase counterfeit merchandise, meaning that someone caught paying for a knockoff “Gucci” purse, for instance, would face a $1,000 fine or up to a year in jail if convicted. If this bill is passed then if you are caught selling bootleg goods you are going to jail and your wallet will definitely be lighter. I’m sure this is good news to brands like: Gucci, Fendi and Prada who have lost millions of dollars in revenue due to counterfeit goods. Who may not be so happy are the people who buy these goods as now they won’t have a source of getting these goods. What are your thoughts?
Read more of this story here Black Enterprise