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Fighting the Tide of Fake Goods

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The counterfeit drug business is so widespread now, officials estimate that one-third of all prescription medicine sold on the Internet are fake.
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Did you ever want an Oscar of your own? This one was made in China and sells for about $500 on the Internet.
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A counterfeit Michael Kors bag carries a fake price tag to make the discount appear that much better.
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The authentic version of these fake Lubaton sneakers are valued at over $500 a pair.
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Homeland Security Investigations agents play a new role in the battle against what is basically an economic crime — but has serious implications for international security.
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If the price of a luxury item is too good to be true, that is the first and best indicator the merchandise is phony, officials say.
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Agents for Homeland Security (r.) and the Border Patrol (l.) last year confiscated counterfeit goods in the U.S. worth more than $1.3 billion at retail.
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Angel Melendez (r), special agent in charge of Homeland Security in New York, and Frank Russo, port director of the Border Patrol at JFK Airport, direct the fight against what they describe as an organized, worldwide gang of counterfieters undermining the market in quality American goods.
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Even before the iPhone X went on sale in stores last month, knock-offs of the hot new cellphone were available on the web.

Before there was fake news, there were fake goods. A big-time business, especially at holiday time.

Even major sports trophies are ripe for the knock off.

Why not buy your own Oscar for the mantle? Maybe a Vince Lombardi Super Bowl trophy for the den?

Federal agents who called a press conference this week at a cargo facility in JFK airport showed reporters a Major League Baseball trophy, awarded to the team that wins the World Series, that had been bought on the Internet by the wife of a major leaguer who’d been on a championship team.

“She wanted him to have his own copy,” said one federal agent.

The flood of counterfeit goods meanwhile is still a big problem in the U.S., taking billions away from legitimate, tax-paying businesses here.

Posted 12:00 am, November 23, 2017
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