Many consumers buy counterfeit goods, knowingly. Many consumers also buy counterfeit goods, unknowingly. There were more than $10 million in counterfeit goods confiscated this week in LA.
How bummed would you be if you bought one of these, thinking it was an iPod, only to get home to hook it up with your iTunes to find out that it didn't work? How bummed would you be if you were the "real" manufacturer of goods that were counterfeited? Or if you were the marketer or other employee who is now out of a job because counterfeiters have taken over your job? We'll spend a day later in the semester discussing this topic but this was too important to not post now.
Investigators said, "During searches of the locations, Port Police discovered counterfeit products with an estimated street value of more than $1.4 million; stolen electronics, toys and blankets worth about $2.5 million; and bank account receipts that indicate the operation generated more than $7 million in profits."
Counterfeit goods hurt everyone involved and the sales generally benefit terrorist organizations.
