Chinese Theft o’ the Year: 360,000 Fake Components

February 22nd, 2008 | Category: Gadget News

European and American officials vowed to crack down on fake IT components after a two-week raid at the end of 2007 yielded more than 360,000 counterfeit items. The seized goods were fake versions of products from Intel, Cisco, Phillips

and others and are worth more than $1.3 BILLION. The raids took place at airports in Germany, France, Britain and the U.S. Trade in fake goods has reached $200 billion a year, and most of it originates in China.

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