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Essay text:
It is highly profitable and the risks of significant legal consequences are low. The profits of product counterfeiting have been shown to fund other organized criminal activities.
For consumers, it means increased health and safety risks, purchasing inferior products, and job loss. In the United States alone, it is estimated that the crime of counterfeiting has caused the loss of more than 750,000 jobs.
“As a world leader in product safety testing, UL understands its responsibility to take counterfeiters to task,” said John Drengenberg, consumer affairs manager, Underwriters Laboratories (UL)...
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