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were taken by undercover police officers while they watched a team of seven south american thieves clean out an old navy store. shirts at $22.50, and they got the whole rack. when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] we have never seen a problem of this size and magnitude in world history. now hang on. in world history. there s more counterfeiting going on in china now than we ve ever seen anywhere. name an american brand. any brand. any kind of product. just name it, and we ll tell you something about it. it s probably being counterfeited in china as we speak. this is the most profitable criminal venture, as far as i know, on earth. counterfeiting. counterfeiting and your partners don t kill you. welcome to 60 minutes on cnbc. i m steve kroft. in this edition, we look at the multibillion dollar business of internati ....
officers while they watched a team of seven south american thieves clean out an old navy store. shirts at $22.50, and they got the whole rack. when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] we have never seen a problem of this size and magnitude in world history. now hang on. in world history. there s more counterfeiting going on in china now than we ve ever seen anywhere. name an american brand. any brand. any kind of product. just name it, and we ll tell you something about it. it s probably being counterfeited in china as we speak. this is the most profitable criminal venture, as far as i know, on earth. counterfeiting. counterfeiting and your partners don t kill you. welcome to 60 minutes on cnbc. i m steve kroft. in this edition, we look at the multibillion dollar business of international crime. first, we report on ....
store. shirts at $22.50, and they got the whole rack. when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] we have never seen a problem of this size and magnitude in world history. now hang on. in world history. there s more counterfeiting going on in china now than we ve ever seen anywhere. name an american brand. any brand. any kind of product. just name it, and we ll tell you something about it. it s probably being counterfeited in china as we speak. this is the most profitable criminal venture, as far as i know, on earth. counterfeiting. counterfeiting and your partners don t kill you. welcome to 60 minutes on cnbc. i m steve kroft. in this edition, we look at the multibillion dollar business of international crime. first, we report on the theft of an eye-popping fortune stolen from the iraq treasury. then we take a look at ....
shirts at $22.50, and they got the whole rack. when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] we have never seen a problem of this size and magnitude in world history. now hang on. in world history. there s more counterfeiting going on in china now than we ve ever seen anywhere. name an american brand. any brand. any kind of product. just name it, and we ll tell you something about it. it s probably being counterfeited in china as we speak. this is the most profitable criminal venture, as far as i know, on earth. counterfeiting. counterfeiting and your partners don t kill you. welcome to 60 minutes on cnbc. i m steve kroft. in this edition, we look at the multibillion dollar business of international crime. first, we report on the theft of an eye-popping fortune stolen from the iraq treasury. then we take a look at shopli ....
coming up, is time running out for nouri al-maliki, the iraqi prime minister? we will ask the foreign minister if the country needs a new prime minister. first, let s get straight to our top company story. poised to make his case again to french leaders today. tomis making the case for als energy assets. things going on surrounding this deal. it is becoming increasingly political. will france be set aside? bothine, ge and siemens improving their offers and both meeting the president today. that s right. a pretty exciting day today. the french president will meet with the siemens ceo at 2:45 french time. and he will also meet with the general electric ceo. sides improving their offers. ge last night said instead of just taking over alstom s energy assets, they will also create a joint venture with alstom in renewables as well as relliance on nuclear technology. ge is selling israel for naming business selling its rail signaling business to alstom. siemens decided to ....