Friday, April 13, 2007

Ebay: the counterfeit capital of the world

From 247WallSt
Douglas A. McIntyre

Imagine this. Some large brand companies believe that 99% of the items sold under their names on Ebay are counterfeit. Louis Vuitton and Christian Dior are suing the online auction company to try to get fake versions of their products off Ebay's site.

According to the FT; "One designer clothing and accessories brand said it had seen the number of fakes using its brand name on Ebay rise dramatically in the past year, from 16,400 in 2005 to 20,827 in 2006."

What is not an open question is why the US government is spending its time complaining to China about pirated and counterfeit items sold in the big Asian country when it could just go over the Ebay headquarters and watch the world's best fakes being sold on any PC in the universe.

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