Scammers fake it ‘til they make it with bogus goods — and we’re all paying the price |
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Scammers fake it ‘til they make it with bogus goods — and we’re all paying the price
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Real talk on faking fakers
Counterfeiting is popping like that old $2 bill. $500 billion lost yearly in nearly every manufacturing sector.
The world is all screwed somewhere — and with fakes.
Khedouri Ezair, CEO of QED Vault, focused on digital product passports, proof of authenticity and supply-chain merchandise: “Counterfeiting is a half-trillion-dollar global crisis — roughly $467 billion. That’s flooding junk in fashion, aerospace, pharmaceuticals, auto parts, electronics, food, cosmetics and probably a partridge in a pear tree. Forget crappy fake handbags.”
Safety, economy and supply now so porous it practically invites skunks in for lunch.
Here’s what specialists have explained to me: “Counterfeiters are technologic, sophisticated, ruthless. An e-commerce network, high-end replication tools, and decentralized shipping tactics hustle junk globally, past customs, and hide in plain sight. They copy labels, packaging,........