OCTOBER 2017
Kids’ craze for ‘counterfeit’ currency bookmarks could be illegal, China’s central bank says
- By Staff Writer, October 31 2017, South China Morning Post
Authorities may take action as retailer in central Chinese province admits to selling almost US$1,000 worth of ‘fake notes’ annually READ MORE>>>
Counterfeit Electrical Products Expose Users To Great Danger – CDA Consult
- By Staff Writer, October 31 2017, Modern Ghana
Counterfeit Electrical Products expose users to great danger, and are rapidly creating a huge and growing problem for the country, Communication for Development and Advocacy Consult (CDA Consult) has revealed in Accra on Tuesday READ MORE>>>
Congressmen Press the U.S Mint for Action on Counterfeit Gold and Silver Coins
- By Staff Writer, October 30 2017, FX Street
Congressmen Alex Mooney (R-WV) and Frank Lucas (R-OK) delivered a formal letter to the United States Mint and Secret Service, urging aggressive action on the growing problem of high-quality counterfeits of U.S. precious metals coins entering the country from China and elsewhere. READ MORE>>>
Anti-Counterfeiting Packaging Market to Gain Huge Demand From Pharmaceutical and Food & Beverage Industries by 2025
- By Staff Writer, October 30, 2017, PR newswire
The Global Anti-Counterfeiting Packaging Market was accounted over USD 80.14 Billion in 2015. Pharmaceutical companies across the globe adopted this packaging is anticipated to witness growth over the forecast period. Increasing the awareness of consumers about an injurious reaction of spurious goods is also likely to drive demand READ MORE>>>
Afghan ministry takes step against counterfeit medicine
- By Staff Writer, October 29, 2017, Anadolu Post
The licenses of more than 900 local and foreign medicine importing firms were suspended on Sunday on charges of smuggling and violation of rules. READ MORE>>>
Amazon And Ebay Opened Pandora’s Box Of Chinese Counterfeits And Now Don’t Know What To Do
- By Wade Shepard, contributor, October 28 2017, Forbes
A few years ago in California, a professional cartoonist, a designer of golf putters, a surfer, and a self-professed geek got together and formed a company. No, this isn’t the start of a bad joke, it’s the very real story of four guys and one good idea — a story of grassroots entrepreneurship and the struggle of the little guy against the tides of global e-commerce READ MORE>>>
Lords hears that Brexit could hit UK life sciences industry
- By Staff Writer, October 26, 2017, Pharmaceutica Journal
International pharmaceutical companies could still invest in the UK’s life sciences industry, but only if there is commitment of “partnership investment” from the UK government, House of Lords committee hears. READ MORE>>>
Amazon, Alibaba tussle in South-east Asia
- By Staff Writer, October 26, 2017, The Straits Times
From a warehouse perched on the edge of a potentially vast new market for online shopping, the Alibaba Group of China hopes to beat Amazon one head of lettuce at a time. READ MORE>>>
N$20 million contraband alcohol destroyed
- By Staff Writer, October 25, 2017, Namibian
CONTRABAND alcohol worth N$20 million that was seized recently by Namibian customs officials at Walvis Bay was destroyed at the harbour town’s landfill yesterday. READ MORE>>>
Headache for Kenyan builders as counterfeits flood local market
- By Staff Writer, October 24, 2017, Construction Business Review
A construction boom in Kenya has created a huge market for building materials. And rogue traders are taking advantage of this demand to introduce fakes into the local market. READ MORE>>>
On a raid with the secret agents chasing China counterfeiters who cost big corporations billions
- By Staff Writer, October 23, 2017, South China Morning Post
Ford car parts, Nike shoes, medicines … you name it and China can fake it; its US$400 billion counterfeiting industry costs global corporations billions in lost sales. America’s oldest detective agency is on the hunt for the fakers READ MORE>>>
Billionaire Koch brother’s crusade against counterfeit wine
- By Staff Writer, October 23, 2017, CBS News
Bill Koch, sibling of the famous Koch brothers, Charles and David, spent $35 million investigating what began as $400K in wine fraud. Turns out, Koch was the wrong guy to swindle. READ MORE>>>
Nissan Production Shutdown Delivers Fresh Blow to Japan Inc.
- By Staff Writer, October 19, 2017, Bloomberg
Nissan Motor Co.’s quality-control debacle deepened as the carmaker suspended production of vehicles for local sale, delivering a new blow to the nation’s scandal-plagued manufacturing industry. READ MORE>>>
Heroin worth R3mln hidden in mascara found at Durban Airport
- By Staff Writer, October 19, 2017, Channel News Asia
Customs officials at South Africa’s King Shaka International Airport in Durban confiscated drugs, illegal skin lightening cream and counterfeit clothes worth a combined R20mln on Thursday, the SA Revenue Service (Sars) said in statement. READ MORE>>>
City Attorney Sues Downtown Sellers of Counterfeit iPhone Accessories
- By Staff Writer, October 18, 2017, Los Angeles Downtown News
City Attorney Mike Feuer yesterday announced that his office has filed lawsuits against the owners of two Downtown electronics stores for selling counterfeit Apple and Samsung phone chargers, cables and other items. READ MORE>>>
4 men arrested over counterfeit mobile phones
- By Staff Writer, October 17, 2017, African Independent
SINGAPORE: Four men were arrested on Oct 13 for their suspected involvement in the possession of counterfeit mobile phones for the purpose of trade, the Singapore Police Force and Singapore Customs said on Tuesday (Oct 17). READ MORE>>>
Counterfeit goods worth £2m seized and possible victims of modern slavery rescued in raids
- By Staff Writer, October 13, 2017, Manchester Evening News
Fake designer clothing worth more then £2m was seized – and people suspected of being victims of modern slavery rescued – in a crackdown on organised crime. READ MORE>>>
‘Make In India’ To Curtail Smuggling: Shatrughan Sinha
- By Staff Writer, October 13, 2017, The Shillong Times
Praising Prime Minister Narendra Modi for his Make in India initiative, actor and senior BJP leader Shatrughan Sinha on Thursday said the move will help in curtailing the influx of counterfeit and smuggled products in India, which had given rise to the black economy. READ MORE>>>
Omani man charged with possession of counterfeit money of more than US$40,000
- By Staff Writer, October 13, 2017, The Sun Daily
KUALA LUMPUR: An Omani citizen pleaded not guilty in the Ampang Magistrate’s Court here today to a charge of possessing counterfeit money, worth more than USD40,000, last month. READ MORE>>>
Customs agents seize P2B counterfeit goods
- By Staff Writer, October 13, 2017, Manila Times
Customs Commissioner Isidro Lapeña said fake iPhone and Samsung phones were found at a warehouse in Dasmarinas Street corner 371 Tomas Pinpin St. owned by Bryan Lee. READ MORE>>>
Fake product alert
- By Staff Writer, October 12, 2017, The Fiji Times
THE Consumer Council of Fiji has urged people to lodge their complaint through the national consumer helpline if they have concerns on certain products in the marketplace.This message to consumers comes after the council recently received a consumer complaint whereby the consumer paid $10 for a bottle of pure honey in Rakiraki market which tasted more like molasses than honey. READ MORE>>>
$12 million in fake S’Well water bottles seized at Port of Charleston, officials say
- By Staff Writer, October 12, 2017, ABC News
An attorney representing the company accused of trademark infringement in this case contacted ABC News 4 and said seized items were provided to ETS Express per court order. The legal team representing ETS Express in the case argues the bottles are not counterfeits. READ MORE>>>
Chinese police seize 2,000 bottles of fake liquor worth US$152,000, detain 17 suspects
- By Staff Writer, October 11, 2017, South China Morning News
Police in central China seized more than 2,000 bottles of counterfeit Chinese spirits with a retail value of more than one million yuan (US$152,000) in raids on six tobacco and liquor stores last month, according to local media reports. READ MORE>>>
Counterfeit, piracy will result in 4.2 – 5.4 million job losses globally by 2022
- By Staff Writer, October 9, 2017, Z Business
Counterfeiting and piracy worldwide will end up costing 4.2 to 5.4 million job loses by 2022, according to a FICCI-KPMG report on illicit trade. The total job losses globally due to counterfeit and piracy will grow to 110%. READ MORE>>>
A FAKE lippy called Lady Danger sold on eBay and Facebook could increase your risk of serious heart problems.
- By Staff Writer, October 6, 2017, The Sun
And the £6 MAC fraud, could also harm the health of a mum-to-be’s unborn baby, experts warned.The lipstick contains 300 times the legal level of lead, a court heart.Magistrates in Plymouth were told if used regularly the product could trigger high blood pressure, heart, reproductive and neurological problems. READ MORE>>>
Charges still pending in Phuket zero-baht tour ‘fake product’ raids
- By Staff Writer, October 6, 2017, The Phuket News
The high-profile raids were carried out on Sept 20 while Acting Deputy Chief of the Royal Thai Police Tourist Police Division Maj Gen Surachet Hakpan was in Phuket to personally oversee the efficacy of the operation which claimed to target fake products from ‘zero-dollar tour’ operators. READ MORE>>>
Bad medicine: the toxic fakes at the heart of an international criminal racket
- By Staff Writer, October 6, 2017, The Guardian
Sometimes the vials are filled with dirty water. Occasionally they contain saline and a tiny amount of antibiotic, so as not to infect the site of the vaccination and draw attention to its true ingredients. But however good or bad the disguise, the fact is that these “vaccines” will actually have no effect at all. READ MORE>>>
Brand owners raise maritime transport of counterfeit goods at major industry gathering
- By Staff Writer, October 5, 2017, ICC
Leaders of the freight forwarding and logistics industry gathering for the 56th World Congress of the International Federation of Freight Forwarders Associations (FIATA) taking place in Malaysia this week will hear for the first time from a brand owner representative underscoring concern about the global transport of counterfeits and the work being done to tackle the problem. READ MORE>>>
Counterfeit airbag sales scheme earns Antelope man a year in prison
- By Staff Writer, October 5, 2017, The Sacramento Bee
An Antelope man has been sentenced to a year and a day in federal prison for selling counterfeit airbags.Vitaliy Fedorchuk, 28, was also fined $5,000 for the the scheme, which involved selling counterfeit airbags via eBay and other internet sales sites, according to a U.S. Attorney’s Office news release. He was sentenced Wednesday by U.S. District Judge Kimberly J. Mueller. READ MORE>>>
Man arrested for counterfeit sneakers worth R5m
- By Staff Writer, October 5, 2017, IOL
A man was arrested at Karino, near Nelspruit for being in possession of counterfeit sneakers estimated to be worth more than R5 million, Mpumalanga police said on Wednesday. READ MORE>>>
More than a cosmetic clearance
- By Staff Writer, October 4, 2017, Straits Time
Some 80 tonnes of fake cosmetics were destroyed in Phnom Penh yesterday, in an effort to fight illegal production and distribution. They were worth “millions of dollars”, said Cambodia’s anti-counterfeit committee. READ MORE>>>
Store Allegedly Sold Counterfeit Goods With Fake High-End Labels
- By Staff Writer, October 4, 2017, CBS Denver
Denver’s district attorney is investigating after a law enforcement raid targeted a store that sold items with the labels of high-end fashion lines for very low prices. READ MORE>>>
McDonald’s worker received counterfeit bill at drive-thru
- By Staff Writer, October 4, 2017, The North Platte Telegraph
A counterfeit bill found at McDonald’s led to the latest arrest in a string of North Platte forgery cases.Just before 3:20 a.m. Tuesday, a McDonald’s employee reported receiving a counterfeit bill at the 1313 S. Dewey St. location READ MORE>>>