SHANGHAI (AP) — An Associated Press investigation found widespread fraud in China's murky anti-counterfeiting investigations industry. [...] investigators do their best to "find" as many fakes as possible, doctoring documents and colluding with factories to make counterfeit goods they can "seize" for their Western bosses. In five instances, Western firms paid investigators who doubled as counterfeiters, manufacturing or selling counterfeit goods on the side, the AP found. The Associated Press found cases of investigative fraud involving counterfeit auto parts, medicine, personal care products and electrical components. A Chinese investigator with a primary school education defrauded one of the world's biggest consumer goods companies, opening four factories to pump out counterfeit goods he could "seize" and present for payment.

BING NEWS:
  • What do new findings in JuicyFields cannabis scam reveal?
    DW’s podcast Cannabis Cowboys reported on a huge scam involving medicinal cannabis. Now, journalists in several European countries have followed up with their own research. What did they find?
    12/3/2024 - 10:47 pm | View Link
  • Company owned by top adviser to Mayor Adams has ties to alleged criminal insurance fraud ring, lawsuit claims
    A no-fault operation funded in part by the mayor’s former chief of staff, Frank Carone, has caught the eye of federal prosecutors.
    12/2/2024 - 9:00 pm | View Link
  • Is it real? How AI is warping reality and opening up financial fraud
    Scammers analyse online shopping habits to target victims with gift card requests from stores they frequently use ...
    12/2/2024 - 3:19 pm | View Link
  • Employee Fraud: An Evolving Threat You Can't Ignore
    Employee fraud poses a significant risk, with internal teams presenting threats similar to external scammers. The most common types of employee fraud include credit card fraud, theft, bribery, payroll ...
    12/1/2024 - 11:00 pm | View Link
  • Why older Americans are losing more money to fraud than ever
    Data from the Federal Trade Commission finds that the number of older adults who report losing over 100,000 to fraud has more than tripled since 2020. Mark Hamrick, Senior Economic Analyst, Bankrate, ...
    12/1/2024 - 3:00 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News