Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Law enforcement agents seize $15M worth of fake sports memorabilia By: FOX Business February 14, 2023 at 14:43 PM EST Law enforcement agents seized fake sports memorabilia that is worth millions. They confiscated more than 600 fake championship rings across four major U.S. pro sports leagues. Law enforcement agents confiscated over 600 fake championship rings across four major U.S. professional sports leagues and the NCAA from a South Carolina memorabilia store as part of a seizure of counterfeit merchandise, the South Carolina Secretary of State announced. The counterfeit goods could have fetched as much as $15 million at retail.The hefty price tag, the highest-value seizure in the office's history, was driven by fake NFL, NBA, MLB, NHL and NCAA championship rings, according to spokesperson Shannon Wiley. The hoard includes 157 Super Bowl rings, 83 NBA Finals rings, 99 World Series rings, 29 Stanley Cup rings and 251 NCAA championship rings for unnamed sports, Wiley said.CHIEFS' PATRICK MAHOMES IS ALREADY TOP 3 QB OF ALL-TIME, EX-NFL STAR SAYSFederal, state and local officials raided Kirk's Collectibles at an upstate mall on Feb. 8. No arrests have been made. The shop also sells nonsports memorabilia, according to its website. The South Carolina Secretary of State’s office said it cannot share information about the number of suspects while a U.S. Department of Homeland Security investigation is underway.Law enforcement officials emphasized the severity of counterfeiting. South Carolina Secretary of State Mark Hammond said it is not a "victimless crime.""Whether it's a fan losing their hard-earned money on a fake item they were led to believe was authentic, or small businesses losing vital sales, intellectual property theft is a real crime with real victims and real financial impacts," said Ronnie Martinez, a special agent with the U.S. Department of Homeland Security's investigative arm in Charlotte, North Carolina. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Law enforcement agents seize $15M worth of fake sports memorabilia By: FOX Business February 14, 2023 at 14:43 PM EST Law enforcement agents seized fake sports memorabilia that is worth millions. They confiscated more than 600 fake championship rings across four major U.S. pro sports leagues. Law enforcement agents confiscated over 600 fake championship rings across four major U.S. professional sports leagues and the NCAA from a South Carolina memorabilia store as part of a seizure of counterfeit merchandise, the South Carolina Secretary of State announced. The counterfeit goods could have fetched as much as $15 million at retail.The hefty price tag, the highest-value seizure in the office's history, was driven by fake NFL, NBA, MLB, NHL and NCAA championship rings, according to spokesperson Shannon Wiley. The hoard includes 157 Super Bowl rings, 83 NBA Finals rings, 99 World Series rings, 29 Stanley Cup rings and 251 NCAA championship rings for unnamed sports, Wiley said.CHIEFS' PATRICK MAHOMES IS ALREADY TOP 3 QB OF ALL-TIME, EX-NFL STAR SAYSFederal, state and local officials raided Kirk's Collectibles at an upstate mall on Feb. 8. No arrests have been made. The shop also sells nonsports memorabilia, according to its website. The South Carolina Secretary of State’s office said it cannot share information about the number of suspects while a U.S. Department of Homeland Security investigation is underway.Law enforcement officials emphasized the severity of counterfeiting. South Carolina Secretary of State Mark Hammond said it is not a "victimless crime.""Whether it's a fan losing their hard-earned money on a fake item they were led to believe was authentic, or small businesses losing vital sales, intellectual property theft is a real crime with real victims and real financial impacts," said Ronnie Martinez, a special agent with the U.S. Department of Homeland Security's investigative arm in Charlotte, North Carolina.