CBS Evening News Counterfeit Smuggling Ring Bust June 26, 2007 / 5:37 PM EDT / CBS News CBS Federal authorities arrested more than 20 people in a counterfeit smuggling ring bust in New York, June 26, 2007. Designer Knockoffs Confiscated CBS Authorities confiscated the counterfeit goods, including this fake Rolex, from warehouses in Brooklyn and Queens, N.Y. Designer Knockoffs Confiscated CBS This bogus Louis Vuitton bag and visor were among the Chinese-manufactured confiscated goods. Designer Knockoffs Confiscated CBS So were these fake Nike sneakers. Designer Knockoffs Confiscated CBS Authorities say private brokers licensed by the United States participated in a scheme to sell the knockoff items. Designer Knockoffs Confiscated CBS Merchandise like this phony Coach purse are usually sold to tourists in Chinatown and other parts of Manhattan. Designer Knockoffs Confiscated CBS The value of the confiscated goods, which included these fake Timberland boots, would have totaled $700 million if authentic.