Fake iPhones, iPods seized in L.A.

February 8, 2011, 11:06 AM UTC

Source: L.A. Times

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.

Also on Fortune.com:

[Follow Philip Elmer-DeWitt on Twitter @philiped]