FYI: Selling goods that carry a manufacturers logo but is not made by the manufacturer is a counterfeit and very illegal being a felony. Knowingly buying counterfeit products is also illegal. This is taken from a page on counterfeit goods. For the buyer of fake or counterfeit goods, the downside is obvious. You dont get the deal you thought you were getting. More often than not, the item you bought is low-grade, and doesnt last or live as long as the real McCoy. And the kicker: Youll probably never get your money back. Sellers often disappear or close shop. For the sellers, there are some serious consequences if theyre caught. There are numerous federal laws that make it illegal to make, ship or sell items that are forged, fake and counterfeit, such as: The Stop Counterfeiting in Manufactured Goods Act. This law specifically targets the practice of attaching labels to fake products and passing off to consumers poorly made items as brand-name onesThe Trademark Counterfeiting Act of 1984. This law makes it illegal to sell or trying to sell goods that use someone elses trademark without permission, such as the Nike Swoosh, for example The penalties for violating these and other fraud-related laws may include: Up to five years in prisonA fine of up to $250,000The loss of any other counterfeit or fake goods, as well as money made through the sale of the illegal goods and any other property that can be connected to the crime, like vehicles used to transport the goods or computers or machines used to make them
Posted on: Fri, 26 Dec 2014 00:28:04 +0000
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