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Counterfeiting - Coggle Diagram
Counterfeiting
Other Items
Counterfeiting also applies to reproductions of packaging when the intent is to defraud or to violate protections under TRADEMARK, Copyright, or patent laws
t is estimated that U.S. companies lose $8.1 billion annually in overseas business owing to violations of Intellectual Property laws
Disputes over counterfeit CDs and computer software have been at the center of U.S. trade conflicts with China for several years.
Software manufacturers claim that 98 percent of the software used in China, including that used by the government, was illegally copied
Under pressure from the United States, China strengthened its copyright and trademark laws in 1993
the criminal courts, counterfeiting that violates patent, trademark, or copyright laws has resulted in civil lawsuits
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For example, in 1994, a Paris court found that designer Ralph Lauren had copied a tuxedo dress pattern from Yves Saint Laurent's collection and ordered Lauren to pay his competitor $386,000 in damages.
Coins and Currency
Counterfeit coins appeared within a century of the first legitimate coins, which appeared in about the seventh century B.C
The severity of the punishment for counterfeiting (death, in many cultures)
However, counterfeiting flourished after the development of paper money in about A.D. 1650, especially in American colonies
Counterfeiters had honed their skills so much that when the United States issued its first federal coins in the 1780s
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Counterfeiting boomed again during the Civil War, when the United States issued its first paper money
It is illegal to manufacture, possess, or sell equipment or materials for use in producing counterfeit coins and currency
Federal law also prohibits producing counterfeit postmarks, postage stamps, military papers, or government Securities
Counterfeiting also applies to the fraudulent manufacture and sale of other items, such as computer software, CDs, consumer products, airplane parts, and even designer dresses
Punishment
Under federal law, counterfeiting is a class C felony, punishable by up to 12 years in prison and/or a fine of as much as $250,000.
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The law
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