Massive $3 trillion counterfeits, IP theft up 22%, says Gieschen Consultancy April report
26 May '05
6 min read
through the duplication of financial instruments (average age 29), entertainment and software (31), other documents (32), identification (37), clothing and accessories (40). in addition, the very young (12 and 14 years of age) were attracted to counterfeit currency and pirating music, movies, and games software. older individuals, showing that experience, larger capital investments, and sophistication are required dominate drugs and medical equipment (44),
cigarettes (46), food and alcohol (46), industrial goods and supplies (49), jewellery and watches (60).
the frustration of pursing the individuals and entities responsible for producing, distributing and selling counterfeit items has led to more effective forms of punishment. in particular, brand and copyright owners who are increasingly finding the legal systems too slow and costly to prevent the sale of counterfeit items are using the power of the internet and media to inform the public of suspected counterfeiters. the decision not to pursing further legal or criminal
remedies is taken after appropriate evidence is gathered and in some cases warnings have been issued. once published, these names are collected and distributed through search engines and investigative agencies. in the month of april more than 84 businesses and 174 individuals were published. trade and commerce organizations find this information useful to their members who routinely perform background and due diligence checks on potentiwere published. trade and commerce organizations find this information useful to their members who routinely perform background and due diligence checks on potential partners, suppliers and business associates. brand enforcement personnel use the intelligence to network with the ip owners who may help them share the costs of pursing legal or criminal actions against these individuals and entities.
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