meet the proud owner of a fake rolex he doesn't understand why people even buy the real thing in the first place to go to buy the tickets i usually tell people it's fake it's funny i think of those who buy real rolex watches and real luxury products are stupid for buying such expensive things you see they're just showing off i respect businessmen who are cheap stuff with this mindset contributes to what analysts an esper group called a thriving counterfeit luxury goods trade in russia they say shoppers forked out a fifteen billion dollars on fakes last year and growth has risen from just about five percent in two thousand and eight to fifteen percent in two thousand and nine this is the question there are two reasons why people buy fakes on purpose first is the mentality of having style and status the label is important second there is a large gap between luxury and cheap products so there is not my choice in between here so it seems fake products fill that gap the owner of this shop selling copies of luxury goods has jumped on the opportunity and he swears by the quality of his merc

. >> rolex prada. nearly $100 million of knockoffs seized at fisherman's wharf. eleven were arrested and four are chinese nationals and two of them illegally of the investigation started two years ago when federal agents discovered a suspicious container at the port of oakland. u.s. immigration and customs director. >> when we opened the shipping container there was 50,000 counterfeit items being shipped under follows documents. >> the knockoffs were to be delivered to a gift store on the 400 block of beach street. agents begin their undercover operation making buys and regulated more than half a dozen stores on the wharf in the past two years. they eleven the yesterday. joe russoniello says they face serious charges? >> 20 years for smuggling. ten years for trafficking. five years for conspiracy pretty heavy. >> two stores were still closed today but most of the eight shops which they raided were already back in business. employees either refused to talk about what happened or told me they knew nothing about the raids and arrests. this is the biggest federal act