An expose of bad businesses and their unethical practices

A report released by Kroll on intellectual property fraud includes the news that this type of fraud, which includes counterfeit goods, has increased 1,000 percent in the last six years in the European Union. Those numbers may be small when compared to those in some parts of Asia. Figures from the World Customs Organization indicate that the total losses from crimes of this type worldwide may total $650 billion per year.

Some examples from the report: ten percent of prescription drugs worldwide are counterfeit, as are twenty percent of all apparel purchased in Italy. Further, the reports states that many electronic products, such as cell phones, and copied so quickly in China that the counterfeit item actually often appears on store shelves before the original does.

The report goes on to suggest  ways to avoid these losses and is well worth reading. Some of the safeguards are neither difficult or expensive. Instead, they are just too often ignored. Look at this report, and similar materials, to see how you can protect yourself from the Bad Business of product counterfeiting.