this is nightline, august 17th, 2012. good evening, i m bill weir. well, it wasn t just a crime of fashion, when yesterday, u.s. customs stopped a multi-million dollar haul of counterfeit designer high heels from china before it could enter los angeles. these knockoffs are only the tip of the iceberg, a sketchy industry worth an estimated $600 billion worldwide. phony designer swag that is not only sold on street corners but in high end shopping malls. abc s ryan owens brings us an encore presentation. reporter: they are the name brand fashionistas love to wear. gucci, prad day. but for every pair of real designer jeans, there are dozens of fakes for sale. it s a booming business for the bad guys, worth an estimated $600 billion a year. just yesterday, authorities in california confiscated more than 20,000 pairs of faux pumps, with a retail value of $18 million. these red-soled shoes were coming out of china. the genuine products are only made in italy. reporter: th
terry moran, cynthia mcfadden and bill weir in new york city, this is nightline, august 17th, 2012. good evening, i m bill weir. well, it wasn t just a crime of fashion, when yesterday, u.s. customs stopped a multi-million dollar haul of counterfeit designer high heels from china before it could enter los angeles. these knockoffs are only the tip of the iceberg, a sketchy industry worth an estimated $600 billion worldwide. phony designer swag that is not only sold on street corners but in high end shopping malls. abc s ryan owens brings us an encore presentation. reporter: they are the name brand fashionistas love to wear. gucci, prad day. but for every pair of real designer jeans, there are dozens of fakes for sale. it s a booming business for the bad guys, worth an estimated $600 billion a year. just yesterday, authorities in california confiscated more than 20,000 pairs of faux pumps, with a retail value of $18 million. these red-soled shoes were coming out of chin
announcer: from the global resources of abc news, with terry moran, cynthia mcfadden and bill weir in new york city, this is nightline, august 17th, 2012. good evening, i m bill weir. well, it wasn t just a crime of fashion, when yesterday, u.s. customs stopped a multi-million dollar haul of counterfeit designer high heels from china before it could enter los angeles. these knockoffs are only the tip of the iceberg, a sketchy industry worth an estimated $600 billion worldwide. phony designer swag that is not only sold on street corners but in high end shopping malls. abc s ryan owens brings us an encore presentation. reporter: they are the name brand fashionistas love to wear. gucci, prad day. but for every pair of real designer jeans, there are dozens of fakes for sale. it s a booming business for the bad guys, worth an estimated $600 billion a year. just yesterday, authorities in california confiscated more than 20,000 pairs of faux pumps, with a retail value of $18