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Tag Archives: counterfeit

Crackdown on Counterfeit Merchandise

Crackdown on Counterfeit Merchandise

Counterfeit consumer goods, commonly called knock-offs, are counterfeit or imitation products offered for sale. The spread of counterfeit goods has become global in recent years and the range of goods subject to infringement has increased significantly. According to estimates by the Counterfeiting Intelligence Bureau (CIB) of the International Chamber of Commerce (ICC), counterfeit goods make up 5 to 7% of world trade.[1] A report by the Organisation for Economic Co-operation and Development (OECD) states that up to $200 billion of international trade could have been for counterfeit and pirated goods in 2005,[2] and around $250 billion in 2007.[3][4] Other estimates conclude that a more accurate figure is closer to $600 billion lost, since the OECD estimates do not include online sales or goods counterfeited and sold within the same country.[3]… […]

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How Common is Counterfeit Money During the Holidays?

How Common is Counterfeit Money During the Holidays?

As Thanksgiving fast approaches, there is a holiday buzz in the air. Everyone is preparing to shop and spend greater amounts of money in the coming month than they do all year. South Florida store owners need to keep a sharp eye as counterfeit money is unfortunately extremely common in the area, and Secret Service is seeing a spike in the amount of counterfeit bills in circulation already. Counterfeit Money in South Florida According to WPTV News, South Florida is one of the top areas in the country for counterfeit money. Ron Remer with the Secret Service counterfeit division in Miami stated in an interview: “This week we’ve almost hit $85,000 in counterfeit currency, and we’re not even at Black Friday yet.” Counterfeiting money is a very serious type of… […]

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How is Counterfeit Cash Caught?

How is Counterfeit Cash Caught?

Using counterfeit cash is considered a third-degree felony, but how do counterfeit bill users get caught? People only use counterfeit detector pens if there are previous suspicions. Counterfeit money is often used in drug deals and often end up in the hands of an unknowing person. The Case According to an article in WPTV News, Jensen Beach High School’s bank notified the administration last week that counterfeit money had been passed in the cafeteria. Immediately, detectives launched an investigation that resulted in the arrest of four students Friday. Cafeteria staff began using counterfeit detector pens after being notified by the bank that counterfeit bills had been passed through the system. A school resource deputy questioned a 15-year-old female student and a 16-year-old male student. Another student, a 15-year-old freshman was… […]

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