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2 Accused of Selling Counterfeit Ray-Bans in $2M Fraud Case

They allegedly defrauded e-commerce customers.



A federal grand jury has indicted two residents of Covina, CA, on a federal conspiracy charge, mail fraud, and trafficking in counterfeit goods.

They’re accused of importing and selling counterfeit Pandora Jewelry and Ray-Ban sunglasses. Xiaoying Xu, age 34, a Chinese citizen, and Yiwen Zhu, age 34, a Chinese citizen and legal permanent resident of the U.S., allegedly conspired with others to defraud e-commerce customers, obtaining more than $2 million in the scheme.

“These defendants allegedly imported counterfeit goods from China and sold them as legitimate merchandise using the registered trademarks of legitimate companies,” said U.S. Attorney Robert K. Hur.

“Those who traffic in counterfeit goods are committing a crime which results in American jobs lost, American business profits stolen, and American consumers tricked into receiving substandard products.”

The crimes are alleged to have occurred from about August 2016 until approximately April 2019, according to a press release from the U.S. Attorney’s Office for the District of Maryland.

The indictment alleges that the defendants used their residence and offices in El Monte and Alhambra, CA, as destination points for shipments of counterfeit goods shipped from Hong Kong and China. Xu and Zhu allegedly repackaged the counterfeit goods, then mailed them to unsuspecting customers throughout the U.S.


The defendants allegedly used fraudulent accounts set up with e-commerce marketplace companies to sell the goods, misrepresenting to customers that they were authentic. Xu and Zhu obtained funds from the victims of the counterfeit scheme through fraudulently acquired customer accounts opened in the names of other people at a global online payment company, according to the release.

The online payment company sent the victims’ money to Xu and Zhu by electronic transfer to bank accounts or by check, which the defendants then cashed at ATMs, the release states. The indictment alleges that the defendants then transferred the proceeds of the scheme from their bank accounts to other bank accounts opened in the names of other Chinese nationals.

If convicted, the defendants face a maximum sentence of five years in prison for conspiracy to commit mail fraud and traffic in counterfeit goods; a maximum of 20 years in prison for each of six counts of mail fraud; and a maximum of 10 years in prison for each of six counts of trafficking in counterfeit goods.

INSTORE was established in 2002 by SmartWork Media with the mission of informing and inspiring American jewelry retailers. Over the years, the company's jewelry magazines and websites have won 95 internatlonal publishing awards.




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Optometry College Graduates Its First OD/MBA Student

She wanted a stronger understanding of the business side of optometry.





When Taylor Phillips graduated from the University of Alabama at Birmingham School of Optometry on May 10, she became the school’s first dual-degree doctor of optometry/master of business administration graduate, in a partnership with UAB’s Collat School of Business.

UAB’s OD/MBA dual-degree program is intended to give future optometrists a business foundation and education that will help them navigate their future as potential private practices owners and healthcare providers, the school said in a press release.

Phillips, a native of Gilbertown, AL, pursued the OD/MBA path to have a stronger understanding of the business side of optometry. She plans to enter private practice in rural and underserved Choctaw County upon completion of a yearlong residency in Tuscaloosa.

“In school, we learn clinical skills, develop strong patient interactions, understand the management of diseases and care, but we only learn about the top-line business aspects of our future career as optometrists,” Phillips said. “The completion of the OD/MBA program gave me the confidence to enter private practice, and I know it will help me give back to my community in a stronger way.”

Phillips completed her MBA courses in conjunction with her optometry curriculum and with students from other schools on UAB’s campus. Collat offers similar dual-degree paths for dental, medical, public health, engineering and health administration graduates as well.

While Phillips is the first OD/MBA graduate, several other students are currently enrolled in the program.

“The UAB MBA prepares professionals to lead and manage a business enterprise in today’s dynamic marketplace,” said Eric P. Jack, dean of the Collat School of Business.

“Research shows the MBA has been one of the most effective educational programs for changing the world by enabling leaders to build strong, high-performing organizations and by leveraging the power of markets. We’re proud of this novel collaboration between the School of Optometry and the Collat School of Business.”

Prospective students who are interested in learning more about the dual-degree paths offered through Collat School of Business can learn more here.

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8-Location Eyecare Practice Closes Its Doors

It had operated since 1959.




Union Eye Care, an eight-location practice in Northeast Ohio, has closed its doors.

WOIO-TV in Cleveland reports that employees received an email on May 7 stating:

“The Board of Trustees made the decision that Union Eye Care Inc. will be filing for bankruptcy. We will be closing all eight stores, our terminal optical lab and headquarters permanently effective Wednesday May 8, 2019.”

The business opened in 1959.


Its website lists locations in Akron, Brunswick, Cleveland, Cleveland Clinic, Garfield Heights, Mentor, North Olmsted and Parma.

WOIO reports that it was unable to reach Union Eye Care representatives by phone or email.

Read more at WOIO-TV

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Shopko Optical Acquisition Completed; 80 Stores to Become Freestanding Locations

The previous owner filed for bankruptcy.




GREEN BAY, WI — Monarch Alternative Capital LP announced the completion of its previously announced acquisition of Shopko Optical.

The company expects to relocate nearly 80 of its current locations housed inside Shopko stores to freestanding locations, according to a press release. Shopko is a retail chain that recently announced plans to wind down its operations.

“We are excited to welcome Shopko Optical into our portfolio and to invest in the company’s growth as we move forward with our strategy,” said Andrew Herenstein, co-founder and managing principal of Monarch. “Monarch has a long, successful history of investing in great companies undergoing transitions and working alongside their leadership teams to build strong, vibrant businesses of the future.”

Jim Eisen, former president of Visionworks, is working as an operating partner with Monarch alongside the Shopko Optical team.

“I’m grateful for the opportunity to join the Shopko Optical team,” Eisen said. “We are committed to continuing to provide quality patient care and outstanding service that our affiliated doctors of optometry and opticians have provided for over 40 years. It is an exciting time to be part of the Shopko Optical family.”

Over the course of 2019, Shopko Optical expects to relocate approximately 80 stores, while continuing to serve patients and customers in their existing locations during the transition.

“As we move forward with our plans to operate 80 freestanding optical locations, we continue to be dedicated to our patients, doctors, opticians and the communities we serve,” said Russ Steinhorst, CEO of Shopko. “We encourage anyone with questions to please get in touch with our team. We appreciate the continued patronage of our patients and their understanding during what we hope to be a continued smooth transition.”

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