BANKRUPT BANKER
EU Police Break Up 11-Country, Mafia-Run Fake IPhone Ring - BusinessWeek: "European Union police forces broke up a counterfeiting ring run by the Naples mafia that specialized in importing and distributing fake Chinese-made iPhones, Italy’s Finance Police said.
The EU’s Europol is coordinating arrests in 11 countries, including Italy, where nine people are sought, the police said in an e-mailed statement today. The EU investigative arm, Eurojust, began the probe last year. “Countless” counterfeit products, including power saws, drills and electricity generators, have been discovered.
The probe revealed “an international criminal organization based in Naples and dedicated to importing and selling products counterfeited in China,” the police said. The ring sold copies of Apple Inc.’s iPhone and products falsely branded as made by Robert Bosch GmbH, Honda Motor Co., and Hitachi Ltd."
