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Counterfeit Goods

War on Counterfeit Goods

Counterfeit Goods
It's the largest underground industry in the world. CNBC's Carl Quintanilla goes inside a global crime spree putting our economy and jobs at peril... and lives at risk. (Original air date: July 14th, 2010.)

Fake handbags, watches, shoes and perfumes. The business of Counterfeit Goods is the largest underground industry in the world. Hundreds of billions of dollars are generated while sapping the economy, putting lives in jeopardy, and funding organized crime in the process.

CNBC’s "Crime Inc.: Counterfeit Goods," takes viewers on a rare look inside a global crime spree, where the goods are produced and confiscated in a world of high-risk and high-reward.

Host Carl Quintanilla takes you on raids with the LAPD anti-counterfeiting unit, inspections at ports, and back-room factories where counterfeits are produced. Meet a company whose whole brand was copied, and the story of a defense contractor who counterfeit defense parts that found their way into weapons depots in Iraq.

At around 7% of all global trade, Counterfeit Goods are a big business with low overhead. It makes too much money to go away any time soon.

Program Highlights

  • The Battle Against Counterfeit Goods     Friday, 2 Jul 2010 | 12:06 AM ET

    Robert Perez, Director of Field Operations for CBP shows CNBC's Carl Quintanilla examples of some of the counterfeit goods that arrive in the US every year.

  • Combating Counterfeit Drugs     Tuesday, 6 Jul 2010 | 12:00 AM ET

    Drugs are one of the most lethal products counterfeiters make. Crime Inc host Carl Quintanilla talks with Pfizer's John Clark about combating counterfeit drugs.

  • Inside the World of Counterfeiting     Thursday, 8 Jul 2010 | 12:00 AM ET

    Counterfeit merchandise usually calls to mind fake designer handbags or luxury watches. But today, just about everything can be a cheap or even deadly counterfeit. Crime Inc.'s Carl Quintanilla goes inside the booming, illegal counterfeit business and you won't believe what's being copied.

  • Top 10 Seized Counterfeit Goods Friday, 3 Jun 2011 | 2:29 PM ET
    Counterfeit goods generate hundreds of billions of dollars in sales each year, making up about 7 percent of all global trade.At US ports alone, counterfeit products seized in 2009 had an estimated street value of more than $260 million. Authorities are unsure just how many counterfeit goods enter the United States each year, but one thing is certain: Counterfeiting saps economies, puts lives in jeopardy and funds organized crime around the globe.So which counterfeit goods are seized most often?

    Counterfeit goods generate hundreds of billions of dollars in sales each year, making up about 7 percent of all global trade.

  • CNBC Quiz: Counterfeit Goods Wednesday, 14 Jul 2010 | 11:49 AM ET

    Counterfeiters have created an international, multi-billion-dollar industry by making cheap imitations of designer goods and selling them for a fraction of the price.

Related Articles

  • Genuine and counterfeit Viagra displayed at The Counterfeit Museum in Paris, France.

    The trend of counterfeiting goes far beyond fake purses and watches and includes consumer products like baby formula and prescription medicine and  industrial products like military components.

  • Counterfeiting: Many Risks and Many Victims Tuesday, 13 Jul 2010 | 5:00 PM ET

    The notion that it is a victimless crime is patently false. Counterfeit products victimize almost everyone they encounter, from the assembly line to the cash register.

  • For Companies, Counterfeit Battle is Never-Ending Friday, 9 Jul 2010 | 4:02 PM ET

    Counterfeiting is a multi-billion dollar business infiltrating the United States borders at an alarming rate. Watches, handbags, footwear and even medicines are among the top products making up more than $261 million worth of counterfeit products seized at US ports in 2009. And it's a growing problem.

About Counterfeit Goods

  • The largest underground industry in the world. CNBC goes inside a global crime spree putting our economy and jobs at peril…and lives at risk.

Contact Counterfeit Goods

 

  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

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