7/14/2010, tonight, CNBC airs what is sure to be a significant report on the underworld of "counterfeit goods" markets. Counterfeit goods are a peril to the safety of the public and firms alike. Counterfeit drugs kill. Counterfeit autoparts can kill. Counterfeit goods can kill reputations of firms costing millions (and perhaps billions). CNBC reports, "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.
