April 26, 2011 by The ReadyWriter
You know how everybody flock to Canal street in New York to buy those Louis Vuitton and Coach bag knockoffs? Well, buyers could now face a year in jail or a $,1000 fine under a new proposed bill by a New York city councilwoman.
Councilwoman Margaret Chin is fed up with those cheap-skate tourists and residents flooding her district in search of the fake designer merchandise. “We don’t want to be known as the place to come to get counterfeit goods” Chin said. Chin’s Chinatown district is ground zero and known for counterfeiter products. However, why is this woman speaking up about this now? When this has been “the happening” for years.
Under Chin’s bill, which is being introduced Thursday, shoppers caught buying any counterfeit products could face jail or be slapped with a fine of $1,000 — a little less than the price of Marc Jacobs’ frequently copied Baroque Quilting Mini Stam bag, which retails for $1,250.
“It’s a very big problem,” Chin said of the counterfeit market. “People are still coming, and the industry is growing, and we have to stop the demand. We need people to know that they are feeding this demand.”
Several of Chin’s colleagues have expressed support for the bill, and she already has five co-sponsors.
What’s your opinion Ceo Community, will you still take that chance and buy that knockoff bag or fake Tiffany jewelry?