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"There are staggering amounts of counterfeiting and diversion going on in the world today," said Doug Johnston, president of Verification Security Corporation in Spokane, Wash.
According to the Counterfeiting Intelligence Bureau (CIB) of the International Chamber of Commerce in London, counterfeiting accounts for between five percent and seven percent of world trade, or approximately $350 billion annually. The CIB has investigated hundreds of counterfeiting cases worldwide, for goods ranging from pharmaceuticals to wall coverings.
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- People:
- Doug Johnston
- Places:
- London
- Spokane, Wash.
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