Fighting the rising tide of counterfeit goods is a constant battle for luxury brands, and a big priority if they want to stay in business. That’s why a French company behind luxury brands like Gucci, Balenciaga, Bottega Veneta and sportswear names like Puma is suing Chinese online marketplace Alibaba, claiming it’s making it easy for customers to buy counterfeit goods in bulk through its websites. [More]
While plenty of web sites peddling everything from spangled pet collars to high-end fancy watches will see a rush of online traffic today, there are 690 sites that won’t be getting a chunk of the Cyber Monday pie. American and European authorities have taken over 690 sites that were selling counterfeit merchandise, saying in a statement that “counterfeiters take advantage of the holiday spirit of shoppers around the world and sell cheap fakes to unsuspecting consumers everywhere.” [Associated Press]
If you suspect you’ve been stuck with counterfeit money, you should be able to verify your suspicions with a quick check. Knowing what telltale signs to look for can keep you from being ripped off in a cash transaction. [More]
If there’s one thing every crack dealer hates, it’s being paid in Monopoly money. A 33-year-old man in Wichita, KS, was pulled over by officers last week and found bleeding from the head. He told police he’d just been tricked by his angry crack dealer into coming over to his house, whereupon the dealer pistol whipped his face. According to the police report, the victim told them that “a couple of weeks ago he bought several hundred dollars of crack-cocaine with Monopoly money and now the dealer was ready for pay back.” [More]
Andre Callegari of Chicago unloaded some TVs on Craigslist, but got a wad of counterfeit cash in return. Then he set up another sale with the buyer in a sting operation, and the seller actually came back, the Chicago Sun-Times reports. The cops caught the bad guy, who paid Callegari some of what he owed him, but that’s probably all the victim thinks he’ll recover.
I’ve always thought that the U.S. should bring back larger-denomination coins. I like concluding an evening out in Canada or in the Euro zone and discovering that there’s the equivalent of $14 or so in change sitting in my pockets. A man in Pennsylvania apparently feels the same way, and succeeded in buying ice cream with a counterfeit $20 coin.
Who pays for a six-piece McNugget with a
$20 $50 bill? Counterfeiters, that’s who, and the McDonald’s near Madison Square Garden is ready for them. Sorry guys, you’re going to have to ask Wendy’s to anonymously break your shadily large bills.
From what I’ve seen online, if I take it to a bank, they might take it, but of course I won’t be compensated. Should I turn it into the police? What should I do with it? I don’t really want to just pass it along.
Emily bought a very “high quality” pirated copy of Windows from an Amazon seller and didn’t realize that anything was amiss for an entire year.
Something shady may be afoot at a Central Florida Wachovia branch…two customers say that a teller gave them counterfeit bills, according to Local 6 news in Orlando. The bank is refusing to give them a refund, claiming that they have no way of knowing if those counterfeit bills are the same ones the teller gave out, but Local 6 says that they’ve learned that Wachovia previously gave a customer with a similar story a refund.
The U.S. Food and Drug Administration said today drug counterfeiters may have added a foreign ingredient into Chinese shipments of Baxter’s blood-thinner heparin which has been linked to 19 deaths and 800 illnesses.
A unidentified man asked a clerk at a Giant Eagle store in Pittsburgh to make change on a $1 million dollar bill featuring Grover Cleveland’s portrait. When the cashier refused and confiscated the fake money, the man attacked an electronic funds transfer machine and then reached for her price scanning gun.
Officials might consider counterfeit Chinese “translations” of copyrighted work illegal, but we like to think of them as the marketplace’s version of outsider art; it’s like fanfic and Lulu.com got together and opened up a bookstore in Shanghai. The New York Times teases its readers with awesome excerpts from a handful of recent Harry Potter knockoffs, with titles far better than the real ones:
Harry Potter and the Chinese Porcelain Doll
Harry Potter and the Leopard-Walk-Up-to-Dragon
Harry Potter and the Chinese Overseas Students at the Hogwarts School of Witchcraft and Wizardry
The Herald News of New Jersey conducted an informal survey of local dollar stores and found that 4 out of 9 were still selling fake Colgate toothpaste flavored with a toxic chemical more commonly found in antifreeze. The FDA reminds you:
The counterfeit toothpaste can be easily recognized because it is labeled as “Manufactured in South Africa.” Colgate does not import toothpaste into the United States from South Africa. In addition, the counterfeit packages examined so far have several misspellings including: “isclinically” “SOUTH AFRLCA” “South African Dental Assoxiation”.
Colgate did not manufacture the fake toothpaste and claims that the health risk of the counterfeit paste is minimal.
UPDATE: It’s possible this story is a hoax. BoingBoing compared believing it to believing in eBayed unicorns.
We’d always sort of assumed that someone had to check the to make sure money was real before they put it into an ATM, but apparently a few fake bills have been known to slip by. Wealth Junkie blogger Alexander had $4 in his wallet when he stopped by a Bank of America ATM to get cash for his Costco shopping trip. When a cashier at Costco spotted a fake $20, Alexander knew exactly where it came from.