With counterfeit products growing 30% annually, this plague is now estimated to be doing nearly $1 TRILLION dollars per year in sales. Odds are good, something in your home or office is a “knock off.” Maybe it’s that “discount pair” of sunglasses or watch you bought for 80% off. The scary part is, it may also be your food, medicine, appliances, clothing and electronic devices too.
Estimates are that 75%+ of online Viagra sales are outright fakes, worse still, some containing dangerous content. A high percentage of those “online Canadian pharmacies” are actually sites based in 3rd world nations. Fake baby formula and “products” make the news constantly now that International Govt’s have finally started responding to the threat C-Inc. presents. Hundreds of thousands of jobs and billions of dollars in taxes are being lost to counterfeits, and these are a big factor in today’s economic problems.
Fake auto parts are causing accidents, knock off appliances are causing fires, and even your good old “cell phone” has become a dubious proposition. Tens of thousands of counterfeit and gray market mobile devices are being seized at US ports.
What’s a good person supposed to do? First, recognize that “if the price is too good to be true,” something’s wrong. Buying knock off handbags, watches and sunglasses is NOT a victim-less bargain, it’s costing honest, tax-paying workers their jobs. Be very wary of online purchases from unknown sellers. Watch out for “faked sites,” and when in doubt about any online “pitch” (as the wise always are), log out and go directly to that merchant or business “actual site.”