U.S. Customs and Border Protection (CBP) have seized 10,500 fake Casio watches worth more than $680,000.
According to U.S. Customs and Border Protection, it officers held the shipment which contained counterfeited products and an import specialist determined that the contents were counterfeit.
The agency reportedly said that the fake products pose a real danger to the economy and Americans’ health and safety.
The agency reportedly said that each time a counterfeit good is bought, a legitimate company loses revenue and this translates to lost profits and U.S. jobs.
The agency added that counterfeit products are usually made with inferior components, which means they can pose health and safety risks, particularly personal care, pharmaceutical, and consumer electronics.
The agency reportedly said that CBP and its partner, Homeland Security Investigation, seized nearly 27,600 shipments last fiscal year worth $1.5 billion where 15% of all such seizures were watches and jewelry.