5 busted in counterfeit Nike Air Jordan sneaker ring
(AP Photo/Ting Chir-kuan)
(AP) - Five suspects have been charged in federal court in New York in connection with a $70 million counterfeit Nike Air Jordan sneaker ring. Federal prosecutors say the suspects imported hundreds of thousands of athletic shoes from China made to resemble Nike Air Jordans.
They then affixed counterfeit Nike trademarked logos to the knockoffs in New York and then sold them across the country. Real ones can sell for hundreds of dollars a pair.
The suspects were arrested Tuesday on charges of conspiring to traffic in counterfeit goods. They each face a maximum of 20 years in prison if convicted.