Counterfeiting is big business.
It is estimated that counterfeiting is a $600 billion a year problem. In fact, it’s a problem that has grown over 10,000 percent in the past two decades, in part fueled by CONSUMER DEMAND.
The real truth is people who purchase counterfeit merchandise risk funding nefarious activities, contributing to unemployment, creating budget deficits and compromising the future of this country in the global economy.
The real truth is counterfeiters are hardened criminals, exploiting consumers, businesses both large and small, inventors and artists and children laboring in sweatshops in Third World countries.
You should know the truth about counterfeiting.
- Counterfeiting costs U.S. businesses $200 billion to $250 billion annually.
- Counterfeit merchandise is directly responsible for the loss of more than 750,000 American jobs.
- Since 1982, the global trade in illegitimate goods has increased from $5.5 billion to approximately $600 billion annually.
- Approximately 5%-7% of the world trade is in counterfeit goods.
- U.S. companies suffer $9 billion in trade losses due to international copyright piracy.
- Counterfeiting poses a threat to global health and safety.
Consider the DANGEROUS FAKES:
- The Federal Aviation Administration estimates that 2% of the 26 million airline parts installed each year are counterfeit, which equals approximately 520,000 parts.
- In 2003, the Motor and Equipment Manufacturers Association cited safety violations due to counterfeit auto parts: brake linings made of compressed grass, sawdust or cardboard; transmission fluid made of cheap oil that is dyed; and oil filters that use rags for the filter element.
Five Reasons You Should Never Fake It:
- Counterfeiting is illegal and purchasing counterfeit products supports illegal activity.
- Counterfeiters do not pay taxes meaning less money for your city's schools, hospitals, parks and other social programs.
- Counterfeiters do not pay their employees fair wages or benefits, have poor working conditions, and often use forced child labor.
- The profits from counterfeiting have been linked to funding organized crime, drug trafficking and terrorist activity.
- When you purchase a fake, you become part of the cycle of counterfeiting and your money directly support these things you would never want to support.
Can you spot a fake?
Sometimes it’s harder than you think to tell whether or not a product is fake – especially if you simply are viewing it online to purchase over the Internet. Click here to view fakes and learn the facts in the Counterfeit Gallery.