Friday, May 23, 2008

FAKES by Numbers

The Harper’s Bazaar "Fakes Are Never In Fashion" campaign is dedicated to exposing the criminal activities connected to the sale of counterfeit luxury goods - child labor, drug trafficking, and even terrorism.
Here are some numbers to know:

$600 Billion
Estimated annual sales in counterfeit products worldwide

$512 Billion
Global sales lost to counterfeit goods

$250 Billion
Annual loss to American companies from intellectual property theft

$20 Billion
Estimated loss to American companies from counterfeit products

$1 Billion
Estimated annual loss in New York City tax revenues due to counterfeiting

750,000
Number of jobs lost due to intellectual property theft in the United States

10%
Estimated percentage of fakes among all goods produced worldwide every year

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