Businesses spend millions of dollars developing new products, services, processes, tools, software, etc. only to have them stolen, pirated, counterfeited or become victim to other forms of economic espionage. Diogenes investigators have successfully investigated these matters. From cases of an employee stealing trade secrets to international criminal organizations counterfeiting products to fund their organized crime activities, Diogenes investigators have the experience, contacts and tools necessary to fully investigate these matters. Many of these cases have court ordered restitution and/or judgements to offset the economic loss and cost of the investigation.
Counterfeiting and piracy annually robs the U.S. of $200 billion and $4.5 billion respectively. It is a highly profitable tax-free cash business and it's lining the pockets of the same criminals involved in murder, drug trafficking, gun running and extortion.
What's more, incidents of dangerous fake products turning up in the U.S. have spiked since the mid-1990s. Authorities found counterfeit baby formula at retail stores in 16 states, bacteria in fake shampoo and faulty knock-off aircraft parts used on airplanes.
The size and scope of product counterfeiting and piracy has mushroomed in recent years. The U.S. economy is losing hundreds of millions of dollars in tax revenues, and tens of thousands of jobs because of counterfeit goods. The computer software, automobile, apparel, and recording industries have been particularly hard hit by counterfeiters, although many other businesses are financially impaired by the sale of knock-off merchandise. To read the updated Federal Laws regarding these issues, click on the respective links: Anticounterfeiting Consumer Protection Act of 1996 and The Digital Millennium Copyright Act of 1998.
Theft of Trade Secrets and other Intellectual Property cost businesses an estimated $44 billion. Many of the these ideas, products, and services often have yet to be brought to market and are incalculable losses. The United States Government has recognized the seriousness of the problem and passed The Economic Espionage Act of 1996 (18 U.S.C. §1831 & 18 U.S.C.§1832). Increasingly many instances of Economic Espionage involve computers, learn how High-Tech Investigations can uncover these crimes.
This act now creates federal trade secret rights. Although there is no private cause of action for trade secret misappropriation under the Act, the federal criminal penalties imposed for the misappropriation of trade secrets are generally more severe than criminal violations of other intellectual property rights. Persons engaged in trade secret misappropriation can no longer be assured that liability will be limited to civil remedies and damages imposed for such misconduct.
Diogenes Investigators have investigated some of the largest and most complicated of these cases. The aggregate estimated Economic Loss to clients involved in these cases is in excess of 10 billion dollars.
To learn more, you may contact us by telephone (203.264.6802) or via E-Mail: GENERAL E-MAIL CONTACT FORM
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