As many of you already know, the counterfeit luxury-goods trade is serious business. It's hard to imagine that people actually pay money for those cheap-looking designer knockoffs, but they do, and the ramifications are heavy. Harper's Bazaar held their Sixth Annual Anti-counterfeiting Summit today, shedding light on the ugly truth behind those faux designer goods. I strongly urge everyone to check out this article, since I've had a hard time convincing people of the horrors behind those Canal Street Chanel-knockoffs.