The network was involved in the illegal distribution of movies and series and the pirating of more than 2,500 television channels.
Around 3,000 instruments were intercepted and would have been worth around $18.7m if genuine, according to CBP.
In 2021, the value of fake and pirated goods imported into the UK amounted to £7.1bn, 1.5 per cent of the total.
Schmid will take up office on November 15 for a four-year term, replacing current president Ladislav Hamran.
Cash injection will help the company expand its AI-powered authentication platform on the international stage.
Network of forgers in Spain, France and Belgium were planning to sell the artworks in Italian auction houses.