160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREPettersson scores another winner, Canucks beat KingsAccording to a study commissioned by the group, comprised of city and county politicians, law enforcement, prosecutors and businesses, piracy accounts for as much as $5.2 billion in annual losses in revenue for Los Angeles businesses and has cost the region more than 100,000 jobs. “Through stepped up enforcement actions like (Thursday’s) raid, criminal prosecutions and the forging of new partnerships, we’re throwing down the gauntlet, and telling those who would consider trying to cheat our residents that we will not tolerate such conduct,” City Attorney Rocky Delgadillo said in a statement. “If you try to cheat our residents, we will arrest and prosecute you.” For more cops and crime news, check out It’s a Crime. More than 100 officers raided alleged counterfeiters, seizing $8 million worth of knockoff movies, purses and perfume, authorities announced today. Billed as the largest anti-counterfeit bust in city history, Thursday’s “Operation Knockout” sent 26 people to jail and yielded 50,000 faked goods — half of them counterfeit CDs and DVDs. Cops targeted their sweep on Santee Alley, the famed shopping district downtown known for its bargain prices for look-a-like designer brands. “It was important to let people know that this isn’t a victimless crime,” said City Councilwoman Wendy Greuel, who chairs the Los Angeles Anti-Piracy Task Force. “If someone went out and knowingly bought stolen property, you’d say, you can’t do that, that’s stolen. Well, so are pirated goods — stolen intellectual property.” Greuel, a former Dreamworks executive who represents Studio City, helped found the task force in February to combat economic losses to movie studios, record labels and other legitimate manufacturers.