Markets

How Fake Sneakers, Handbags, and Watches Became a $2 Trillion Industry

Counterfeiting is a $2 trillion industry, and fake luxury items—like Rolex watches, Nike sneakers, and Hermès Birkins—make up the bulk of it. These knockoffs often contain hazardous toxins such as lead and cadmium, and the profits are frequently linked to other forms of criminal activity. As counterfeit goods become increasingly convincing, how can we detect and stop them?

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