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coach latest handbags neccesary and then expecting the tax payers and employees to absorb the cost. It just aint right!Bill would bag phonyPretty soon, it could be more than just the fashion police who have a problem with your shoddy knockoff bag, like this bogus Louis Vuitton.Buyers could face a year in jail or a $,1000 fine under a proposed bill by a city councilwoman fed up with cheapskate tourists and Big Apple residents flooding her district in search of fake designer merchandise.don want to be known as the place to come to get counterfeit goods, said Councilwoman Margaret Chin, whose Chinatown district is ground zero for counterfeiters.Under Chin bill, which is being introduced Thursday, shoppers caught buying any counterfeit product could be jailed or slapped with a fine of $1,000 a little less than the price of Marc Jacobs frequently copied Baroque Quilting Mini Stam bag, which retails for $1,250.a very big problem, Chin said of the counterfeit market. are still coming, and the industry is growing, and we have to stop the demand. We need people to know that they are feeding this demand.Several of Chin colleagues have expressed support for the bill, and she already has five co sponsors.The punishment might seem draconian, but it necessary to curb the growing problem, she said.She pointed out that the money that counterfeiters rake in often funds other nefarious activities, such as terrorism and unsafe child labor practices.But try telling that to bargain hunters.Christine Gambino, 21, of Staten Island who was in Chinatown yesterday sporting a fake Louis Vuitton handbag that cost her $40 vowed to continue to