
9 most counterfeited products in the USA
Counterfeit products may cost the global economy up to $250 billion a year, according to estimates from the Organization for Economic Co-operation and Development (OECD). Millions of those shipments enter the United States. While government agencies do their best to crack down on counterfeit goods, they only manage to catch a fraction of the fake products that enter the United States. Still, the U.S. Customs and Border Protection (CBP) values that seized fraction at staggering amounts. The value of counterfeit goods seized rose by 38.1% in 2013, from $1.2 billion in 2012 to $1.7 billion last year.
http://www.usatoday.com/story/money/business/2014/03/29/24-7-wall-st-counterfeited-products/7023233/
Related Posts
Former Royal Navy chef jailed over £1m ‘fake’ sea bass scam
A former Royal Navy chef has been jailed after conning frozen food giant Iceland...
Canada’s combating counterfeit products legislation nears passage
On October 2, 2014, Bill C-8, the Combating Counterfeit Products Act, passed the...
iPhones worth $134,000 seized, smuggled into India as ‘garments’
Delhi officials foil yet another smuggling attempt as they discovered 90 iPhones...
Name and shame smugglers, consumer group urges Customs
After alleged drug personalities, consumer watchdog United Filipino Consumers and...