HSI Seizes $3 Million in Fraudulently Imported Gold Jewelry at LAX

by Henry

Homeland Security Investigations (HSI) at Los Angeles International Airport (LAX), in collaboration with HSI O’Hare, has seized approximately 5,200 pieces of 18 and 21-karat gold jewelry valued at over $3 million.

The jewelry was imported by a U.S. wholesaler who allegedly provided falsified documents and statements to U.S. Customs and Border Protection (CBP) to misrepresent the country of origin, attempting to evade applicable U.S. tariffs. The importer falsely declared that the gold came from a tariff-exempt country, allowing the company to profit unlawfully.

In addition to customs fraud, the shipment contained numerous counterfeit pieces bearing unlicensed trademarks from well-known luxury brands.

HSI is actively investigating fraudulent activities within the jewelry supply chain, targeting importers, exporters, manufacturers, and retailers engaged in customs violations, financial fraud, and intellectual property infringement.

Related topics:

Related Articles

blank

Enter the dazzling universe of JewelryWorld, where every piece tells a story of elegance and style. Discover curated collections, trends, and find your perfect adornment. Elevate your fashion with the allure of exquisite jewelry. 【Contact us: [email protected]

Copyright © 2023 jewelrysworld.com