Fake retro videogame ring worth €50m smashed in Italy


A online game trafficking ring has been smashed by police in Italy, after faux classic consoles and video games price virtually 50 million euros ($55.5 million) have been seized.

Among the many counterfeit video games have been common titles from the Eighties and 90s, together with Mario Bros., Avenue Fighter and Star Wars.

The pirated consoles have been imitations of the long-lasting units produced by Nintendo, Sega and Atari and didn’t meet strict security requirements.

New variations of video video games and gaming consoles that have been launched a long time in the past have lately soared in reputation and command excessive costs, in a cultural pattern often called “retrogaming”.

Round 12,000 consoles holding over 47 million pirated video video games have been seized by police, Alessandro Langella, head of the financial crime unit for Turin’s monetary police, advised the AFP information company.

The haul had an estimated worth of 47.5 million euros ($52.5 million), Mr Langella stated, a determine which incorporates the worth of the consoles and a whole lot of licenses for the pirated packages.

They have been “all from China” and have been imported to be bought in specialised outlets or on-line, Mr Langella stated.

All of the units have been fitted with non-certified batteries and electrical circuits and didn’t meet EU technical or security requirements.

The seized video games have been destroyed.

A long time-old video games and consoles have lately soared in reputation and command excessive costs, in a cultural pattern often called “retrogaming”.

The phenomenon is “experiencing a section of robust reputation and business enlargement,” Mr Langella stated.

On TikTok, #retrogaming has amassed greater than 170m posts.

9 Italian nationals have been arrested and charged with buying and selling in counterfeited items.

If discovered responsible, they resist eight years in jail.

Previous video games and second-hand consoles are in excessive demand, with a working Tremendous Nintendo system with video games on the market on-line at between £100 ($131) – £275 relying on situation.

In 2021, a sealed copy of video game Super Mario 64 sold at auction for more than $1.5m, shattering data.



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