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The act established penalties of up to five years imprisonment and/or a $250,000 fine ($1,000,000 fine for a corporation or other legal entity) for selling or attempting to sell counterfeit goods or services. It increased such penalties for a second or subsequent conviction under the Act.
Counterfeit consumer goods are goods illegally made or sold without the brand owner's authorization, often violating trademarks. Counterfeit goods can be found in nearly every industry, from luxury products like designer handbags and watches to everyday goods like electronics and medications .
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For civil enforcement, the PRO-IP Act increases the maximum $30,000 penalty for compilations and increases penalties for repeat offenders. [11] It raises the penalty for statutory damages for counterfeit goods from $1,000 to $200,000, which was originally a range from $500 to $100,000.
Bouaziz actually bought it from Black River Auction, which was allegedly established by a man who was incarcerated for selling counterfeit goods, for $518.40, according to the FBI affidavit.
Counterfeit seizures on the rise. There are many reasons why counterfeit items slip through the cracks. Big platforms like Amazon sell a diverse range of goods from vitamins to clothing to ...
An example of a counterfeit product is if a vendor were to place a well-known logo on a piece of clothing that said company did not produce. An example of a pirated product is if an individual were to distribute unauthorized copies of a DVD for a profit of their own. [3] In such circumstances, the law has the right to punish.
The counterfeits included hand bags, shoes, and other luxury items, according to the Department of Justice