Fakes, phonies and frauds
As the world has grown smaller, more and more foreign-made goods are hitting our shores, according to Consumer Reports. Among them, you will find a flood of fakes, fueled in part by the Internet and the ease with which we can buy products directly.Last year, United States law enforcement agencies — including U.S. Immigration and Customs Enforcement’s Homeland Security Investigations — shut down 29,684 websites that were illegally selling counterfeit merchandise online. Not only do fakes cost U.S. businesses as much as $250 billion in lost trade annually, but many are also downright dangerous.
http://elkodaily.com/news/fakes-phonies-and-frauds/article_406d683c-482c-51ba-9d27-057bdbe583ad.html
Related Posts
House: Smuggling = economic sabotage
A BILL defining smuggling as an act of economic sabotage is getting closer to...
Fake mobile phones are a $6bn market, says MMF
The counterfeit mobile phone market is hard to quantify but could be as much as...
Raising federal cigarettes taxes won’t end smuggling between states
The Aug. 3 editorial “Closing a loophole” had its heart in the right place but...
Counterfeit currency detection rises 5.7% in FY26, led by Rs 20, 500 notes: RBI
Mumbai: Detection of counterfeit currency notes in the banking system rose 5.7...

