"I knew Lupita Nyong'o's dress was fake" Piers Morgan.

The dress was originally believed to be worth $150k...Well, Piers is hitting Lupita on this one.It didn't take a fashion expert to know Lupita Nyong'o's stolen "pearl" dress was fake since Piers Morgan claims he knew it was bogus the second he saw it on Oscar night.

Mr Morgans says he rubbed elbows with the Oscar winner at the Vanity Fair party, and was close to enough to realize the gown was all smoke and mirrors.

As for the theft of the dress originally believed to be worth over $150K ... well he only sees one loser in all of this.
We'll hand it to Piers ... his take on the heist is entertaining.

Easy Piers...It's Calvin Klein,not Lulu.