Watch Out! Counterfeiting is big business
by Cynthia Bercowetz
Bloomfield, CT  06002   August 12 2005
 
Author/Consumer Advocate Cynthia Bercowetz shows storeowner's counterfeit warning.
Author/Consumer Advocate Cynthia Bercowetz shows storeowner's counterfeit warning.
 
When you hear "stop thief" it refers to a counterfeiter.
Counterfeiting is big business--about $3 billion a year. Sometimes it is difficult to differentiate between the real McCoy and the fake.
For example, on Ford products there is a Ford oval and in the counterfeit part there is an oval but additional insignia that is not detected. In one year, the Automotive and Accessories Association reported that annual sales loss was established at $3 billion dollars in the United States and $12 billion worldwide because of automotive counterfeiting. Counterfeit parts affect the consumer safety-wise. For example, defective turn signals, steering, and gas tanks without safety valves can cause accidents. Counterfeit parts affect the consumer's pocketbook and legitimate manufacturers because we are all affected by this scam.
There are anti-counterfeiting taskforces as a result of the counterfeit game. They work in cooperation with the International Anti-Counterfeiting Coalition to obtain remedial action. The U.S. office of Consumer Affairs, Washington, D.C. developed an educational program to help consumers recognize counterfeit auto parts and encourages reporting to authorities. Report your complaints to the Consumer Protection Department in your state or to the Attorney General's Office. The Motor Equipment Manufacturers Association has joined their European counterparts to combat counterfeiting. At one time, counterfeit automotive parts were on display at the World's Fair to alert consumers.
The combined efforts of the United States government and industry are working together to develop prompt and efficient measures against counterfeiting.
American property rights protection law has added an amendment for countries that permit or do not control counterfeiters. There are new civil penalties ($250,000) for violators that impose a prison term of up to five years and costly fines. Taiwan has been considered the leading source of counterfeit automotive parts. Other sources are: Singapore, Hong Kong, Brazil, Columbia and Mexico.
The above details have been taken from my book, "Don't Get Ripped Of! Get Help! Tell It to George."
Counterfeit money is now big business among thieves more than ever. In a store I frequent in Connecticut, a storeowner has received fake dollar bills and a $50 bill. His bank has shown him the differences between fake and real. At a tailor shop in Naples, Fla. where I visit, the owner has received counterfeit bills.
Restaurants and fast-food chains have felt the pinch of counterfeiting. The Subway restaurant chain is ending its decades-old free sandwich promotion because counterfeiters have been creating and selling copies of the restaurant's proof-of-purchase stamps and cards.
Subway, which is the No. 2 fast-food chain in the country, has joined a growing amount of businesses from pharmaceutical companies and cigarette manufacturers to recording studios and clothing designers that say counterfeiters have hurt their business, according to the Associated Press.
A full card of eight stamps could be redeemed for a free sandwich. But thousands of stamps are for sale at online auction sites, The AP said that franchise owners were increasingly discovering counterfeit stamps.
For more information on counterfeiting, rip-offs, scams and scandals, read Don't Get Ripped Off! Get Help! Tell It to George. My book can be purchased on Amazon, Infinity Publishers, or directly from the publisher, Cynthia Bercowetz, Wash Brook Press, 22 Oak Lane, Bloomfield, Ct. 06002.
 
Cynthia Bercowetz (consumreye@aol.com)
Author/Consumer Advocate
22 Oak Lane
Bloomfield, CT   06002
Phone : 860-243-2208

 

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