The market for counterfeit luxury items is wide and deep, selling everything from jewelry and perfume to handbags and sunglasses. For bargain-hunters looking for name-brand items at discount prices online, Better Business Bureau offers advice on avoiding web-based rip-off schemes.
According to a report by the Department of Homeland Security, the total domestic value of merchandise seized during fiscal 2011 was $78.3 million, an amount that would have had a value of $1.11 billion had it been legitimate. The category of seized consumer safety and critical technology goods rose in value by 41 percent compared to fiscal 2010, the report says.
Online classified sites like Craigslist or eBay are hot spots for counterfeit luxury item fraud online, and both offer "buyer beware" warnings. But venders are now setting up their own websites to fool frugal fashionistas.
"In a tight economy, consumers are always looking to save a buck or two," said Joan Coughlin, spokesperson for the Better Business Bureau of Central Ohio. "Too often, what looks to be a ‘great deal’ is really a shoddy knock-off in disguise."
BBB offers the following advice for shopping safely online when looking for deals on designer goods, as well as tips on how to spot a fake:
Always deal with reputable businesses. The number one way to avoid getting ripped off when buying luxury goods is to deal with reputable businesses. When in doubt, shoppers can contact the manufacturer and verify which venders are authorized sellers. Consumers should also check out the business with BBB at