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Intellectual Property News
Four Defendants Sentenced In Counterfeit Goods Conspiracies
Four Massachusetts residents were sentenced in federal court for money laundering and trafficking and conspiring to traffic in more than $1 million of counterfeit luxury handbags and wallets, as well as the materials needed to make these counterfeits, Assistant Attorney General Alice S. Fisher for the Criminal Division; U.S. Attorney Michael J. Sullivan of the District of Massachusetts; Special Agent in Charge Bruce M. Foucart of U.S. Immigration and Customs Enforcement (ICE) in New England; and Special Agent in Charge Douglas A. Bricker of the U.S. Internal Revenue Service (IRS), Criminal Investigation in New England announced today.
Minh Vu, 26, Katherine Luong, 28, Camphung Luong, 25, and Kim Luong, 34, were sentenced to the following terms in prison by U.S. District Court Judge William Young: Vu received 30 months, Katherine Luong received 36 months, Camphung Luong received 24 months, and Kim Luong received 30 months. According to the terms of their plea agreements, the defendants made over $48,000 in restitution payments to the victims and did not contest the forfeiture of five bank accounts, over $41,000 in cash, two vehicles, and the counterfeit merchandise. Read more at cybercrime.gov.
Billions of dollars are spent annually in bogus products.
They are estimated to account for up to 7percent of world trade and costs IP right holders around the world .
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Definition:
The unique number assigned to a patent application when it issues as a patent.
Cybersquatter
Definition:
Is one who knowingly reserves with a registrar a domain name consisting of the trademark or name of a company for the purpose of selling the right to that domain name back to the legitimate owner.
Trademark
Definition:
Trademarks protect words, designs, symbols or phrases used as slogans, names or logos for products or organizations.
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