By Philip Elmer-DeWitt
February 8, 2011

Some of the bogus Apple (AAPL) hardware recovered by Los Angeles Port Police. Estimated street value: $10 million.

“This was a well-funded operation, and the counterfeits looked very authentic,” chief Ron Boyd told the
L.A. Times
.  Buyers might not have discovered they’d been bilked, he said, until they got home and tried to hook the devices up with iTunes.

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