Fake iPhones, iPods seized in L.A.February 8, 2011: 6:06 AM ET
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:
- Inside Beijing's iPhone black market
- Holiday crime spree targets Apple
- Smash n' Grab: 23 MacBooks, 14 iPhones, 9 iPod touches, 31 seconds
[Follow Philip Elmer-DeWitt on Twitter @philiped]