Home breadcru News breadcru Policy breadcru Massive $3 trillion counterfeits, IP theft up 22%, says Gieschen Consultancy April report

Massive $3 trillion counterfeits, IP theft up 22%, says Gieschen Consultancy April report

26 May '05
6 min read

the most popular items to counterfeit:

1. financial instruments, 85 incidents worth $3.0 trillion.
2. entertainment & software, 54 incidents worth $22.5 million.
3. identification, 39 incidents worth $3.0 million.
4. other documents, 30 incidents worth $2.4 million.
5. clothing & accessories, 9 incidents worth $5.6 million.
6. food & alcohol, 9 incidents worth less than $1.0 million.
7. computer equipment & supplies, 5 incidents worth $2.8 million.
8. industrial goods & supplies, 5 incidents worth $10.0 million.
9. cigarettes, 4 incidents worth $8.9 million.
10. other goods, 4 incidents worth less than $1.0 million.
11. drugs & medical, 2 incidents worth less than $1.0 million.
12. jewelry & watches, 2 incidents worth $2.8 million.
13. perfume & cosmetics, 1 incident worth less than 1.0 million.
14. toys, 1 incidents worth less than $1.0 million.

the top 10 (of 90) brands counterfeited:

1. microsoft.
2. louis vuitton.
3. sony.
4. canon.
5. kate spade.
6. nike.
7. prada.
8. titleist.
9. viagra
10. adidas.

the top 10 (of 231) items counterfeited:

1. dvds (movies).
2. cds (music).
3. drugs.
4. software (business).
5. checks.
6. currency.
7. cigarettes.
8. drivers licenses.
9. software (games)
10. passports.

in summarizing the activity for the month of april, glen gieschen, managing director of for the month of april, glen gieschen, managing director of gieschen consultancy stated "more than 90% of counterfeit and piracy activity was the result of seizures by law enforcement, customs, immigration, military and other government agencies which removed the items from the distribution chain. this action prevented trillions of dollars worth of poor quality and hazardous items from finding their way into the hands of consumers

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