The $200 million counterfeit bust last week resulted in 11 defendants getting indicted Wednesday in Manhattan federal court on charges of conspiracy, smuggling and trafficking in counterfeit goods.
The alleged smuggling ring tried to move at least $200 million in counterfeit apparel and accessories through the Port of Newark-Elizabeth Marine Terminal. According to court documents obtained by WWD, the indictment demands that the defendants forfeit at least $95 million in real and personal property gained from the alleged smuggling.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"