Home > slashdot > $200B Lost To Counterfeiting? Back It Up

$200B Lost To Counterfeiting? Back It Up

August 2nd, 2010 08:35 admin Leave a comment Go to comments

An anonymous reader writes “Over the weekend, the NY Times ran a story about how the recession has impacted product counterfeiters. In it, the reporter regurgitates the oft-repeated claim that counterfeiting ‘costs American businesses an estimated $200 billion a year.’ Techdirt’s Mike Masnick asks the Times reporter to back up that assertion, noting two recent reports (by the GAO and the OECD) that suggest the actual number is much lower, and quoting two reporters who have actually looked at the numbers and found (a) the real number is probably less than $5 billion, and (b) the $200 billion number can be traced back to a totally unsourced (read: made-up) magazine claim from two decades ago.”

Source: $200B Lost To Counterfeiting? Back It Up

Related Articles:

  1. White House Cracks Down On Piracy & Counterfeiting
  2. Microsoft Has Lost $5.5 Billion On Bing Since 2009
  3. The Times UK Lost 4 Million Readers To Its Paywall Experiment
  4. Lord British’s Lost Lunar Rover Found, After 37 Years
  5. Oracle Ordered To Lower Damages Claim On Google
blog comments powered by Disqus