Please enable JavaScript.
Coggle requires JavaScript to display documents.
Counterfeiting - Coggle Diagram
Counterfeiting
Legal Aspects
Exemptions for collector's items.
Obvious dissimilarity as a defense.
No defense if intent to defraud exists.
Common Targets
Currency and coins.
Computer software, CDs, consumer products
Airplane parts, designer dresses.
Historical Context
Early counterfeit coins.
Early counterfeit coins.
Civil War counterfeiting boom.
Intellectual Property
Impact on U.S. companies ($8.1 billion loss).
U.S. trade negotiations to enforce laws.
Disputes with China over software piracy.
Civil and Criminal Consequences
Criminal charges (state or federal).
Civil lawsuits for patent, trademark, or copyright violations
Specific case: Ralph Lauren vs. Yves Saint Laurent.
Punishment
Federal law: Class C felony.
Penalties: Up to 12 years in prison, fines up to $250,000
State laws also impose penalties.
Definition of Counterfeiting
Fraudulent manufacturing, altering, or distributing products of lesser value.
Criminal offense with intent to defraud.
Keywords
Counterfeiting, Criminal offense, Intent to defraud, Currency and coins, Intellectual property, Trademark, copyright, patent laws, Civil lawsuits, Federal law, Penalties.