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Consumer Fraud

Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) blocked more than 10 billion suspected phony listings in 2020 as part of an effort to crack down on counterfeit sellers on its site.

In its first-ever brand protection report released this week, the e-commerce giant said it destroyed more than 2 million counterfeit products sent to its warehouses last year before they could be sold.