Fake retro video game ring worth €50m smashed in Italy
A video game trafficking ring has been smashed by police in Italy, after fake vintage consoles and games worth almost 50 million euros ($55.5 million) were seized.
The pirated consoles were imitations of the iconic devices produced by Nintendo, Sega and Atari and did not meet strict safety standards.
New versions of video games and gaming consoles that were released decades ago have recently soared in popularity and command high prices, in a cultural trend known as "retrogaming".
Around 12,000 consoles holding over 47 million pirated video games were seized by police, Alessandro Langella, head of the economic crime unit for Turin's financial police, told the AFP news agency.
The haul had an estimated value of 47.5 million euros ($52.5 million), Mr Langella said, a figure which includes the value of the consoles and hundreds of licenses for the pirated programs.
All the devices were fitted with non-certified batteries and electrical circuits and did not meet EU technical or safety standards.
