$51.6 Million in Counterfeits Removed from U.K. Market

The Trademark and Rights Holders Against Piracy group in the U.K. says it has issued more than one million copyright and trademark notices of infringement against sellers accused of online piracy in less than four years.

The result from the infringement notices, according to TRAP, was the removal of counterfeit goods worth an estimated $51.6 million and the suspension of 27,394 seller accounts.

Commercial merchandise piracy costs the industry more than $496 million in lost sales each year, says TRAP.

Online platforms like Amazon and eBay were unknowingly selling unlicensed product to consumers.

TRAP currently reports 300 infringing listings per hour worldwide.

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