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Ahmed’s counterfeit business, ‘Phoenix of Vinyl ’, came on the radar in 2024 after a representative from the British Phonographic Industry (BPI) made a test purchase and found evidence of counterfeiting. The City of London Police raided the premises soon after and uncovered the largest stock of fake vinyl ever found in the UK, with 2,791 records by 108 different artists. In addition to the records, police officers also found four vinyl presses roughly 70 years old, along with 3,000 metal stampers, and thousands of sleeves and center labels.
A separate report by The Guardian suggests that the BPI has been involved in 43 search warrants over the past two years targeting counterfeit vinyl and CDs. They have seized around 600,000 items with an estimated value of up to £8 million ($10.7 million).
" With music on physical formats enjoying a resurgence, the market in counterfeit records has unfortunately also been growing as criminals cash in at the expense of creators and fans. This doesn't just impact the legal music economy and everyone that works and invests in it – it also affects every one of us as citizens who fall victim to other forms of criminality that it funds," said Peter Ratcliffe, director of content protection at BPI.
According to a report published by the BPI , vinyl sales in the UK have grown substantially, with 7.6 million records sold in 2025. That’s a 13.3% year-over-year increase, marking the format’s 18th consecutive year of growth. Vinyl revenue also rose 19.9% year-over-year to £174.7 million ($234 million), with the BPI reporting in March that it was the format’s highest annual revenue in more than three decades.
Sales of CD and vinyl music sees strong resurgence amid physical media backlash
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/counterfeit-vinyl-record-maker-sentenced-to-three-years-in-the-slammer-police-bust-largest-fake-vinyl-operation-in-uk-history-raid-uncovers-four-70-year-old-presses-and-3-000-metal-stampers#main
- https://www.tomshardware.com/membership
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Informational only. No financial advice. Do your own research.