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Get the Facts
Counterfeiting and Piracy cost the U.S. economy between $200-$250 billion per year and the world economy approximately $650 billion per year. Nearly every company, in every industry is vulnerable. Counterfeiters and modern-day pirates rip off everything from brake pads to cell phone batteries to golf clubs and even prescription drugs. As Tom Donohue, president and CEO of the U.S. Chamber of Commerce says, "You make it, you create it, and you invent it, and they steal it and fake it." And these products are not just sold on street corners or on the internet. These dangerous and defective products have infiltrated the supply chain and are sold in legitimate retail outlets. It's everyday products bought in everyday stores. Counterfeiting and piracy can no longer be considered just another cost of doing business.
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