ICE cracks down on counterfeit NFL products
SAN JOSE, Calif — Just days ahead of Super Bowl 50, U.S. Immigration and Customs Enforcement has announced that they have seized at least $20 million of counterfeit NFL merchandise. The fake swag was confiscated in various locations from San Francisco down to the South Bay. Bruce Foucart, the director of Homeland Security Intellectual Property Rights, said officers have seized all sorts of bogus merchandise over the last couple weeks, including hats, t-shirts and replica Super Bowl rings. These poor quality products are bad for a number of reasons, according to Foucart. “We estimate that the U-S economy loses between $250 billion and $300 billion to counterfeiting every year. But beyond just being bad for business, Foucart said there is a far bigger problem than just hurting the bottom line of the wealthy NFL. “We’ve seen an instance where an individual has sold these goods and invested it (the earnings) in guns to carry out terrorist attacks overseas,” said Foucart.
http://www.kionrightnow.com/news/local-news/ice-cracks-down-on-counterfeit-nfl-products/37808892
Related Posts
Cigarette smuggling causing over Rs 20bn loss annually
The country suffers an annual loss of over Rs 20 billion owing of illegal tobacco...
Tobacco smuggling: MPs criticise ‘lack of action’
Efforts to tackle tobacco smuggling have been hampered by a "farcical" lack of...
Security forces foil attempt to smuggle contraband cigarettes worth RM1.04mil
TAWAU: The Armed Forces Joint Task Force 2 (ATB 2) foiled an attempt to smuggle...
Man held in Meerut for selling fake branded apparel
MEERUT: You name it and he has it -- all popular brands specializing in shirts....