U.S. Seizes Websites, Alleges Fake Nike, Coach Sales
“If a deal seems too good to be true, it probably is,” Holder said at a news conference in Washington.
Counterfeit goods result in “billions of dollars” of lost revenue for legitimate businesses and taxes for the government, said Ronald Machen, the U.S. attorney for the District of Columbia.
“Intellectual property crimes are not victimless,” Holder said.
Earlier this week Bloomberg Businessweek reported on the U.S. Federal Courts seizing 82 websites that were selling counterfeit products. This is the perfect time for counterfeiters to prey on eager shoppers who want to find a deal. For some they don’t care, but others want to make sure the products they buy are authentic. The Justice Department has shut down the domain in hopes that it will take them some time to recover, but they expect that they will reunite under a different name and go back to selling fake products. By selling counterfeit products they are violating copyright and other intellectual property laws. Some of the brands being falsely sold were Coach Inc., Walt Disney Co., Oakley Inc., Timberland Co., LVMH Moet Hennessy Louis Vuitton SA and Nike Inc . So if you bought any of these brands, beware and check for authenticity. Counterfeit sales are bad for everyone around, billions of dollars are lost in revenue and governmental tax dollars. It’s very unfortunate for the brands and the consumers when products are counterfeited. Brands spend time and money to make what they consider quality and trendy products and then counterfeiters sell lower quality copies and a lot less money. Consumers are sometimes left to bear the onset of higher prices that “guarantees’ their authentic product. All of these are brands that have been around and aren’t new to the counterfeit game, while they don’t like it, they are prepared and happen to expect it. Enjoy your holiday shopping and good luck finding deals, but be careful, all sales aren’t good sales!