Fake handbags, watches, and perfumes are a way of the past. The largest underground industry in the world, Counterfeit Goods bring in hundreds of billions, while sapping the economy, putting lives in jeopardy, and funding organized crime in the process.
CNBC presents “Crime Inc.: Counterfeit Goods,” a CNBC Original reported by CNBC’s Carl Quintanilla takes viewers inside where the goods are produced and confiscated in a world of high-risk and high-reward.
The one-hour special brings you on raids with the LAPD anti-counterfeiting unit, inspections at ports, and back-room factories where counterfeits are produced. Meet a couple who was paralyzed by counterfeit Botox, a company whose whole brand was copied, and the story of a defense contractor who counterfeit defense parts that found their way into weapons depots in Iraq.
At around 7% of all global trade, Counterfeit Goods are a big business with low overhead. It makes too much money to go away any time soon.