Detectives from Boroondara Crime Investigation Unit are warning residents in the eastern suburbs to be weary of a scam involving people selling fake designer jackets.

Investigators believe most victims are approached in the street by a man purporting to be from a European fashion company.

The offender is usually well dressed, driving a luxury car, and presents a sophisticated looking business card with fake details.

They then advise the victim that they are leaving the country shortly but have promotional jackets from high end labels, such as Versace, which are worth thousands of dollars and are willing to part with them for significantly less.

After the money is handed over and the jackets given to the victim, it is realised that the jackets are cheap imitations.

On many occasions the offenders have stated that they are trying to offload the jackets to purchase a gift for their family members or give a short story about needing money for a personal emergency.

Investigators believe there are several different offenders who are actively involved in the scam, most are perceived to be males of European or Mediterranean appearance.

Detectives from Boroondara CIU arrested a 27-year-old South Melbourne man in early June in relation to the alleged sale of fake designer clothing.

He was charged with obtaining property by deception and dealing with the proceeds of crime.