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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. report ....
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 o ....
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 ....