Downtown for Chinatown

Hope you weren't banking on picking up a cheap "Goyardo" tote today. After a NYPD raid yesterday morning, Chinatown is SOOOOOOO busted!

Three buildings (owned by the Vincent Terranova estate) housing 32 illegal storefronts all selling knockoffs were shut down on a block commonly referred to as the Counterfeit Triangle. Over $1 million in faux goods (Prada, Gucci, Fendi, Coach, Gucci, Dolce & Gabbana, Burberry, and the ever sought after designer knockoff Dora the Explorer) were seized during the raid.

Said Mayor Bloomberg, "[The Counterfeit Triangle] has been one of the most notorious knockoff shopping malls in the five boroughs, one with more than 150 employees operating with impunity 10 or more hours a day, seven days a week, even while the building owners were under a long-standing federal court order to stop counterfeiting activities."

According to WWD, "No arrests have been made, but city officials will move quickly to issue violations of health and safety codes that will result in orders to vacate the premises, effectively shutting the buildings down."

[WWD]