An excellent episode discussing the world of counterfeit goods will show on CNBC's Crime Inc., on Wednesday, July 14 at 9p ET/PT. I will definitely watch. Here is the description below:
Sneak Peek: http://bit.ly/9iR23d
Fake handbags, watches, and perfumes are a way of the past. The largest underground industry in the world, Counterfeit Goods bring in hundreds of billions, while sapping the economy, putting lives in jeopardy, and funding organized crime in the process.
CNBC presents "Crime Inc.: Counterfeit Goods," a CNBC Original reported by CNBC's Carl Quintanilla takes viewers inside where the goods are produced and confiscated in a world of high-risk and high-reward.
The one-hour special brings you on raids with the LAPD anti-counterfeiting unit, inspections at ports, and back-room factories where counterfeits are produced. Meet a couple who was paralyzed by counterfeit Botox, a company whose whole brand was copied, and the story of a defense contractor who counterfeit defense parts that found their way into weapons depots in Iraq.
At around 7% of all global trade, Counterfeit Goods are a big business with low overhead. It makes too much money to go away any time soon.
Awesome - thanks for the heads up! I'll be sure to check this show out.
ReplyDeleteThe show was excellent - It reairs on July 18th Sunday at 10p eastern - one company spends $2 million a year just to protect it against trademark issues. I couldn't believe what company it was.
ReplyDeleteI watched it yesterday. I found it odd that the show spent so much time building up the evils that counterfeiting creates for both businesses and consumers, then left us sort of high-and-dry with a 1-minute "here's what you can do" to protect yourself from counterfeit goods. Apparently, there's not much. Just hope that you buy a bad watch and not a computer battery that blows up, I guess. While the show focused on LA - here's some recent news out of San Fran - http://ow.ly/2l9Hs
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