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U.S. Customs and Border Protection (CBP) and U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) announced the seizure of more than 176,000 counterfeit sports-related items, worth an estimated $123 million, ahead of this year's Super Bowl.
A study reveals that while counterfeit consumer electronics are a significant concern to U.S. consumers, most seem to be unaware of the full impact and risks of their purchase and use.
The United States named China the leading place for physical markets selling counterfeit goods, while websites in Europe, South America and Canada led in online sales of fakes.
A new medication tracking system is hoped to alleviate the gray market that thrives through diverting medications, as some hospitals and clinics (facing recent drug shortages) have turned to middle-men brokers. However, this increases the risk of counterfeit or unsafe drugs being administered to patients, FDA officials say. Counterfeit or altered medications can be diluted, inert or dangerous.
Gucci has been awarded $144.2 million in damages from counterfeit websites selling their products. The websites have 30 days to shut down their organization.