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Counterfeit consumer goods are goods illegally made or sold without the brand owner's authorization, often violating trademarks. Counterfeit goods can be found in nearly every industry, from luxury products like designer handbags and watches to everyday goods like electronics and medications .
Today, we face a number of new challenges: the increase of dangerous counterfeit goods (pharmaceuticals, food and drink, cosmetics or toys, car parts); the speed and ease of digital reproduction; the growing importance of the Internet as a means of distribution; and the sophistication and resources of international counterfeiters.
The Customs and Border Protection agency, which is in part responsible for enforcing intellectual property rights and upholding trade laws, seized $3.33 billion worth of counterfeit goods in 2021 ...
Counterfeit t-shirts at a flea market. A counterfeit is a fake or unauthorized replica of a genuine product, such as money, documents, designer items, or other valuable goods. [1] [2] [3] Counterfeiting generally involves creating an imitation of a genuine item that closely resembles the original to deceive others into believing it is authentic ...
In 2016, counterfeiting was a $460 billion industry worldwide, AdWeek reported, citing the International Trademark Association. You probably know that buying counterfeit goods is stealing ...
Unfortunately, that means the erosion of sales in some industries due to counterfeit goods coming into the U.S. will continue. Here are the 10 product categories, in descending order, that lose ...
Counterfeiting remains a growing problem in the modern world economy. The garment industry is one of the largest areas of counterfeit goods. Louis Vuitton estimates two to three million counterfeit Louis Vuitton pieces are produced each year—about twice the number of genuine products it manufactures. Because of this, Louis Vuitton spends ...
According to the Department of Homeland Security, fraudulent goods are a $509 billion international criminal enterprise. Michael Hanson, senior executive vice president of the Retail Industry ...