Behind the scenes with the team of ex-prosecutors fighting Amazon’s counterfeit problem
Publishing timestamp: 2024-10-25 08:44:22
Summary
Counterfeiting has become a massive problem for companies like Crye Precision, costing them millions of dollars each year. Amazon's marketplace, while bringing in record revenue, has been found to host counterfeit, unsafe, and expired goods. Amazon has launched tools and a division called Counterfeit Crimes Unit to combat counterfeits, partnering with brands and law enforcement agencies to take on fraudsters. The rise of online marketplaces has made it harder for companies to ensure brand safety.
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Keywords: shopping, business news, online shopping, retail industry, new york city, breaking news: business, video first, apple inc, fraud and false statements, nike inc, jeff bezos, new jersey, breaking news: technology, technology, business,