Police in China arrested more than 1,900 people and seized about 1.16 billion yuan ($182 million) worth of counterfeit drugs and related goods amid a government crackdown in the world’s fastest-growing pharmaceuticals market.
The fake drugs seized were illegally advertised to treat illnesses including hypertension, diabetes, skin diseases and cancer, the Ministry of Public Security said in a statementyesterday. More than 18,000 members of the police contributed to breaking up drug-counterfeit rings across [...]
By DAVID WOLMAN | Time.com
U.S. negotiators are heading into a second day of what have been dubbed “serious and substantial” talks with North Korean officials. Yet amidst all the discussion of how the U.S. will attempt to work with Kim Jon-un, there has been little (open) speculation as to whether Dear Leader Junior might crank up production of $100 and $50 bills. No, not North Korean 100- or 50-won banknotes, worth about as much [...]
By JONATHAN D. ROCKOFF And CHRISTOPHER WEAVER
The maker of the widely used Avastin cancer drug said Tuesday that it is warning doctors, hospitals and patient groups that a counterfeit version of the medicine has been found in the U.S.
Tests of counterfeit vials of Avastin showed that they didn’t contain the active ingredient in Roche Holding AG’s intravenous drug, according to the Swiss company’s Genentech unit.
It isn’t clear how much of the counterfeit product was distributed [...]
Apple could face disruption to its iPad sales in China after a court rejected its claim to own the iPad trademark in the country and a rival sought to halt sales of the tablet device in two Chinese cities.
The developments are the latest in a long-running dispute between Apple and Proview Technology (Shenzhen), a struggling Taiwanese-owned company that registered trademarks for the name IPAD in many countries long before Apple conceived its [...]
Gold and Silver
China has entered into a new cottage industry as the world’s silver price has skyrocketed. Â That industry is the creation and distribution of counterfeit coins that look just like the authentic metals, but are actually made of cheap imitation material.
China has a long history of providing inexpensive, and many times toxic, products to the US and other world markets. Â During [...]
by Jan Paul
First, remember that the continental dollar was made worthless by England, not us.
Another problem was that the British successfully waged economic warfare by counterfeiting Continentals on a large scale. Benjamin Franklin later wrote:
The artists they employed performed so well that immense quantities of these counterfeits which issued from the British government in New York, were circulated among the inhabitants of all the states, before the fraud was detected. [...]