DPD and joint task force make huge counterfeit bust

DPD and joint task force make huge counterfeit bust

The Dallas Police Department (DPD) and other members of the Dallas Intellectual Property Rights Task Force recently made a dent in the intellectual property rights battle, arresting five people and seizing 13,500 counterfeit items worth an estimated $3 million.

DPD, Immigration and Customs Enforcement, Homeland Security Investigations, Dallas Sheriff’s Office, Grand Prairie Police Department and the Dallas County District Attorney’s Office executed a search warrant in the 4500 block of Village Fair Drive where several businesses were selling counterfeit handbags, jewelry, clothing, accessories and shoes.

Millions of Americans purchase counterfeit and potentially dangerous consumer goods every day, often unknowingly. According to the Federal Bureau of Investigation (FBI), roughly eight percent of total world trade every year is in counterfeit goods. Yearly theft of intellectual property rights costs U.S. companies over $250 billion.

Intellectual property rights theft poses a risk to all industry sectors, with manufacturing, technology, software, biotechnology and pharmaceuticals bearing the brunt of the dangerous and illegal trade of counterfeit consumer goods. Intellectual property protection fosters innovation and protects ideas, businesses and individuals. Detectives from the Task Force emphasized the importance of this seizure as the sale of counterfeit merchandise hurts the economy and has even been used to fund terrorism.

For more information on intellectual property rights and the counterfeit trade in the U.S. visit: http://www.stopfakes.gov/.

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