The Two Main Types Of Counterfeiting Crimes

As globalisation brings in new and various products, counterfeit goods also spread quickly. This has a negative influence on local retailers and trademark owners by taking away part of their local market share, taking advantage of the designs of a brand’s

For several industries in Asia, in particular pharmaceuticals, security issues include fake branded products and the substitution of goods with counterfeit or inferior quality replacements. Recent supply chain security initiatives are also designed to address security problems relating to the sale of counterfeit goods. In August of 2008, Hong Kong customs discovered 2.5m cigarettes in a container that was marked to contain other goods. If these items had not been identified as fake, they could have been sold as original brand goods, resulting in a substantial shortfall in excise income for the Hong Kong Government.

Most countries will buy stolen merchandise knowingly, considering they are selfish and only think about improving their country. Many countries do not think about the losses of other countries. For example,if the United States loss something really important many people would want to fight to find their countries prize possession.As mentioned in “Bring Them Home,”Egypt’s invaluable burial mask was stolen and purchased at a museum in St.Louis.In modern time,people are jailed for receiving stolen merchandise;maybe some museums need to be shut down for not returning looted

On January 14, 2008, at an H&M store in L.A., a woman bought $1,000 worth of clothes with $100 bills, all were H2-H38 bills. The following day two other women returned with the purchase and asked for a refund. The three suspects were arrested and not only admitted that they knew the notes were counterfeit but also revealed they had come from Troy Stroud, who was put under surveillance. Two months later, Stroud began passing Talton's latest product: a counterfeit twenty. Because $20 bills are so easy to pass, the investigation became much urgent. Informants wearing wires met with Stroud and bought H2-H38 bills, and introduced him to two undercover Secret Service agents. The service got everything on tape and put a tracking device on Stroud's vehicle. On April 10, Paul McCorry attended a meeting at which $2,500 in counterfeit hundreds were sold to another informant on the Secret Service payroll: He arrived in a Mercedes bearing a license plate that read MCCORRY. On April 15, While Stroud waited in a drive-thru line, a special agent entered the restaurant and watched him pay for his meal with a counterfeit $20 bill. Eight days later, agents followed Stroud to Talton’s house in Lawndale, and searched the trash outside, where they found fragments of counterfeit bills, printer cartridges, and Talton’s name. Early on the morning of May 8, Stroud was arrested. Talton's house in Lawndale was raided

The past year has seen a huge jump in metal thefts, with a rise in the price of metals such as copper and lead being blamed. The rise is being driven by global demand prompted by China and other booming economies.

Look for colored fibers in the paper. All U.S. bills have tiny red and blue fibers embedded in the paper. Counterfeiters sometimes try to reproduce these by printing or drawing these fibers onto the paper, but close inspection reveals that on the counterfeit note you will see that they are printed on, rather than being part of the paper itself.

People have been stealing things ever since there were things to steal. Why buy something if it would be easier to just… take it? Sure, if you don't get caught you can get away with anything.

For a long time we have strived to protect what we have made from the hands of those who steal. Nowadays we have a huge problem with infringement and that is due

Law enforcement agencies are being incentivized to pursue asset forfeiture because asset forfeiture destroys “the financial infrastructure of the criminal enterprise” (Lyman). Many criminals are motivated by greed and tend to purchase materials, such as weapons, drugs, cars, or real estates. Criminals are purchasing those materials with black money obtained through illicit criminal activities. Asset forfeiture is an effective law enforcement tool to reduce the incentive for illegal behavior (Lyman). Law enforcement use asset forfeiture by removing tools, equipment, cash flow, and profit to keep the criminal organization ability from operating successfully. Asset forfeiture is a process that results in “transfer of the ownership of property

In the age of the internet, it makes running a counterfeit drug ring very easy and with little consequences.

Drug trafficking has been an ongoing epidemic in the United States, as well us other countries for an unimaginable amount of time. Illegal drugs varying from heroin and cocaine are primarily the main drugs that get smuggled in the United States from South America. Even marijuana and methamphetamine have been popular in the drug smuggling “industry”. These gangs go to a variety of different extents to get the job done. Drug trafficking increases the violence levels These drugs have been smuggled through the Southwest Border since the 1970s and are attempting to expand the distribution of those drugs into eastern U.S. markets. The countries of drug production have been seen as the worst affected by prohibition. In many countries worldwide, the illegal drug trafficking can be directly linked to high violent crimes. This is especially true in third world countries, but has still been seen as an issue for many developed countries all over the world. Drug trafficking increases the risk of violence and crime due rise of addiction along with an increase of death. It also effects the along with correctional system effects.to its high costs, Nearly all of the heroin produced in Mexico is destined for distribution in the United States. Organized crime groups operating from Mexico produce, smuggle, and distribute various illegal drugs after trafficking them across the US border. Trafficking groups that operate from Mexico tend to avoid penalties by their stealthy methods of smuggling

In this day and age, a corporation, family, or individual always has a potential risk of encountering fraud within their money supply. On average, fraud and abuse costs U.S. organizations more than $400 billion annually (Federal Bureau Investigation, 2010). Many may think that white collared crime is only money laundering or stealing, but that is only two out of the sum that countless culprits get away with. The term “white-collar crime,” originally coined in 1939 is synonymous with the full range of frauds committed by business and government professionals (Federal Bureau Investigation, 2010). These frauds include anything from bankruptcy fraud, money laundering, identity theft, corporate fraud to a wide number of threats all circling

With tangible cash available, many underground operations are active due to the intractability of the cash being used to fund the operation. With the implementation of a smart card/chip all cash transactions can be easily recorded and traceable, making it difficult to operate unlawfully. Warwick also comments about the tangency between cash and criminal activity by stating “Most crimes are either committed to steal cash or use cash as a method of payment. Drug trafficking is conducted exclusively in cash. The bulk of tax evasion is hidden in cash transactions. Cash carried in purses and wallets continues to make everyone a potential robbery victim. Throughout history, cash, in coin or paper notes, was a problematic necessity for which there was no practical alternative. With the advent of EFT, however, the relative detriments of cash can be targeted, if not eliminated”. With a cashless society, making cash electronic has the potential of making workplaces and crime-ridden neighborhoods safer, reducing prison populations, and freeing up emergency rooms. The benefits of a cashless society outweigh the disadvantages and Warwick agrees to this as well by stating “No matter the exact format that a new electronic currency might take, it is difficult to imagine any other single innovation that has the potential of generating such profound social and economic

In addition, the widespread financial gap between the costs of production of originals and knockoffs causes design piracy to have some economic ramifications. Because the knockoff designs are manufactured at lower costs, they tend to sell for much less; for example, a replicate might sell for up to one-third the price of the original design (Wilson). This lowered price, combined with the fact that the copied design would hit store shelves first, causes consumers to deviate more

Money laundering is the generic term used to describe the process by which criminals disguise the original ownership and control of the proceeds of criminal conduct by making such proceeds appear to have derived from a legitimate source . In other words it is a practice which engages in specific financial transactions, in order to conceal the identity, source or destination of money. It is the main operation of underground economy. The Interpol General Secretariat Assembly in 1995 defined money laundering as: “Any act or attempted act to conceal or disguise the identity of illegally obtained proceeds, so that they appear to have originated from legitimate sources”.