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Consumers purchased shoes and apparel at a high clip during 2021 — driving Nike to record profits in its 2021 fiscal fourth quarter — and StockX was able to capitalize on the demand.
The thieves printed fake shipping labels and paid off employees at UPS and Nike to “deliberately misdirect or redirect” cartons of shoes to locations across L.A., according to detectives.
StockX is an online marketplace and clothing reseller, primarily of sneakers. Since November 2020, it has also opened up to electronic products [ 1 ] such as game consoles, smartphones and computer hardware.
Nike asserts that StockX is minting, marketing, and selling NFTs that bear Nike's trademarks at "heavily inflated prices" without the approval or authorization of the Swoosh.
StockX was jointly founded by Dan Gilbert, Greg Schwartz, Josh Luber and Chris Kaufman in 2015, with an emphasis on the sneaker resale market. [ 8 ] [ 9 ] Until mid-2019, Luber was the CEO of StockX. However, he stepped down from that role upon raising a Series C , $110 million round of venture capital funding at a $1 Billion valuation for the ...
Customs agents seized more than 2,000 shipments of counterfeit beauty products in 2016, and noted that fake personal care items were more common than counterfeit handbags. One of the biggest threats to beauty consumers is the risk that they are buying counterfeit products on familiar 3rd party retail platforms like Amazon. [105]
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
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