News

Counterfeiting and Forgery

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.


Kimberly Redmond | Equities.com |

Facebook Inc and Gucci America Inc announced Tuesday that they filed a joint lawsuit against an individual who allegedly used the social media company’s platforms to sell fake Gucci products.

In a lawsuit filed Monday in the US District Court for the Northern District of California, the luxury fashion house and social networking giant claim the individual – who was not identified – used multiple Facebook and Instagram accounts to promote an international online counterfeit businesses.