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Accessories Counterfeiters Nabbed

Three defendants were indicted and arrested this week for importing more than 300,000 counterfeit luxury handbags and wallets with an estimated value of $100 million.

Three defendants were indicted and arrested this week for importing more than 300,000 counterfeit luxury handbags and wallets with an estimated value of $100 million.

The goods, made in China, touted brands such as Burberry, Louis Vuitton, Coach, Gucci and others.

According to court documents, a motion to seal the case was filed Oct. 2, 2007. It was unsealed Wednesday. Chong Lam, Siu Yung Chan, also known as Joyce Chan, and Eric Yuen were charged with one count of conspiracy to traffic counterfeit goods, four counts of trafficking counterfeits and two counts of illegal smuggling.

Lam and Chan were arrested in New York on Wednesday. Yuen was arrested on Thursday in Las Vegas. Also on Wednesday federal U.S. Immigration and Customs Enforcement agents searched the defendants store on West 30th Street in New York and executed a restraining order to seize assets.

The seized assets included 29 bank accounts and three New York properties. Investigators estimated that the defendants had received at least $16 million from sales of the illicit goods.

The penalties in the case could be as much as 55 years in prison and $8.75 million in fines for each defendant if they are convicted.
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