DOJ Seizes $1B in Trade Fraud | Chicago News

The Department of Justice just smashed a record: over $1 billion recovered in less than a year through its new Trade Fraud Task Force, targeting counterfeit goods, mislabeled products, and customs dodging—with Chicago now the epicenter of this nationwide crackdown. From drones and vapes to gold jewelry, illegal items are being seized, and federal prosecutors have already charged two major Chicago-area jewelry firms for evading hundreds of millions in duties. The DOJ warns that trade fraud costs the U.S. over $300 billion annually, and with a new global trade crimes division launching, enforcement is only getting tougher. Businesses are being warned: breaking trade laws won’t fly anymore. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fa7750d95e0b5e8b