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Counterfeiting has ballooned into a massive problem for Crye, costing it millions of dollars a year, said Jonathan Antone, the company's general counsel. By 2016, sellers were speaking out about Amazon's growing counterfeit problem, telling CNBC of the company's effort to openly court Chinese manufacturers. "There's a lot more space on that digital shelf for potential counterfeit products," he added. Agents seized "multiple tractor trailer loads" of counterfeit MultiCam products, estimated to be worth $8 million, according to court documents. Crye showed CNBC examples of counterfeit MultiCam products that were allegedly sold by retailer L&Q Tactical, one of the defendants in the lawsuit, on Amazon.

Persons: Ramin Kohanbash, Bernard Klein, Jonathan Antone, Crye, It's, it's, Counterfeits, Jason Goldberg, Goldberg, counterfeits, Kebharu Smith, Jeff Bezos, Bezos, Smith, We're, Antone, Ernesto Rodriguez, Crye's, Crye Precision's Ernesto Rodriguez Organizations: New York's Brooklyn Navy Yard, California, outfitters, California Surplus, CNBC, Amazon, Brand Registry, Justice Department, FBI, Prada, Homeland Security, Department of Defense, Agents, Crye Locations: New, New Jersey, America, Brooklyn, Brooklyn , New York, Arlington , Virginia, Texas, California

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the team of former prosecutors trying to fight Amazon's growing counterfeit problemCounterfeits became a big problem on Amazon after an influx of Chinese-based sellers joined in 2015, causing brands like Nike and Birkenstock to quit selling directly on the site. In 2020, Amazon launched the Counterfeit Crimes Unit, which joined law enforcement on 50 raids and the seizure of 7 million counterfeit products in 2023. But retail experts say it's not enough. CNBC visited Amazon's team of former prosecutors and a military gear brand that's partnered with them to sue counterfeiters.

Persons: Counterfeits, Birkenstock, counterfeiters Organizations: Nike, Amazon, CNBC, Amazon's

☆ Baird says this security stock is a buy that can rally nearly 40%
▼ + stars: | 2024-10-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +1 min

Investors are overlooking Crane NXT and its long-term earnings potential, according to Baird. Analyst Michael Halloran initiated coverage of the company with an outperform rating and $77 price target, reflecting a 38.5% upside from Wednesday's close. That's a sharp turnaround for the beaten-down stock, which has shed 2.2% this year. Another factor behind Halloran's bullish investment thesis is Crane's strong customer relationships, which generate high recurring revenue for the company. LSEG data shows that five of the six analysts covering the stock have a buy or strong buy rating.

Persons: Crane, Baird, Michael Halloran, Halloran Organizations: Crane NXT, counterfeits

All four drugs are in a class of wildly popular weight loss drugs known as GLP-1s. In the United Kingdom, authorities last year seized hundreds of counterfeit Ozempic pens — insulin pens that had been relabeled as Ozempic. Counterfeit weight loss drugs have serious health risks, according to the pharmaceutical companies and federal officials. Counterfeiters are already trying to cash in on a weight loss drug that the company hasn't even put on the market yet: retatrutide. But it's also one of the epicenters of the lucrative counterfeit drug trade, according to U.S. authorities who track counterfeit drugs.

Persons: It's, —, Eli Lilly's Mounjaro, they've, Laver, Andy Morling, CNBC Morling, Eli Lilly, Daniel Skovronsky, Eli Lilly's, we'll, Skovronksy, John F, Sal Ingrassia, Ingrassia, Customs isn't, we've, Yoav Keren, GLP, TikTok, Keren, BrandShield, it's, Nicole Johnson, CNBC Johnson, Johnson, Mike Doustdar, Doustdar, Direnc Bada Organizations: CNBC, U.S, Laver Beauty, DHL, Novo Nordisk, Laver, Medicines, Healthcare Products Regulatory Agency, Lilly Research Labs, Kennedy International, JFK International Mail Facility, U.S . Customs, Border Protection, JFK, CBP, Protection, CNBC CNBC, FDA, Customs, Meta, Facebook, World Health Organization, U.S ., Intellectual, Coordination Center, National, Turkish National Police, Novo Nordisk's, CNBC Counterfeiters, CNBC FDA Locations: BOULDER, COLO, Boulder, Ozempic, Shijiazhuang, China, Beijing, Englewood Cliffs , New Jersey, United Kingdom, London, New York City, U.S, Turkey, Europe, South America, United States, India, Mexico, Istanbul, Zurich

☆ Young Chinese are looking for dupes and cheaper substitutes for everything from Hermès to travel
▼ + stars: | 2024-09-30 | by ( Huileng Tan | Matthew Loh | ) www.businessinsider.com time to read: +9 min

Chinese consumers are opting for affordable alternatives across various categories to save money. The trend, known as pingti, is driven by economic challenges and is popular among young people. Consumers are finding cheaper substitutes for luxury goods, everyday items, and even healthcare. It's now become a trend in China to save on nearly every consumer category, from luxury goods to everyday consumables to travel, with cheaper substitutes. A Bank of America survey of 1,052 adult Chinese consumers showed weakening consumer sentiment, with 30% of respondents planning to spend more — down from 45% in June.

Persons: —, It's, Bobbi Brown, Estée Lauder, MingYii Lai, it's, Lindy, Hermes Lindy, Lai, Ruth Jin, Xiaohongshu Cleo Xie, they've, She's, Xie, Jin, Yves Saint Laurent, Keith, she's Organizations: Service, Daxue Consulting, Bottega, Prada, University, Dai, PPI, Bank of America Locations: China, Xiaohongshu, Beijing, Ili, Xinjiang, Provence, France, Xishuangbanna, Laos, Myanmar, Bangkok, Thailand, Chengdu, Europe, Asia

☆ Promises of 'passive income' on Amazon led to death threats for negative online review, FTC says
▼ + stars: | 2024-09-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

The sender said Sanford, who lives in Springfield, Missouri, would only only be safe if he removed a negative online review. Months earlier, Sanford had left a scathing review for an e-commerce "automation" company called Ascend Ecom on the rating site Trustpilot. The FTC is seeking monetary relief for Ascend customers and to prevent Ascend from doing business permanently. The FTC has also pledged to go after companies that try to suppress negative reviews online as part of new rules issued this year targeting fake reviews. Formed in 2021, Ascend has done business under several entity names with operations registered in states including Texas, Wyoming and California.

Persons: Jamaal Sanford, Sanford, it's, Will Basta, Jeremy Leung Organizations: Federal Trade Commission, FTC, YouTube Locations: Robbinsville , New Jersey, Russian, Springfield , Missouri, dropshipping, Texas , Wyoming, California

☆ American Eagle sues Amazon over alleged 'knock-offs' of Aerie products
▼ + stars: | 2024-09-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

A shopper searching for Aerie products on Google will see sponsored and organic links to Amazon's website, the lawsuit says. Clicking on a link leads to an Amazon webpage that "displays only knock-offs and 'dupes'" of Aerie products, including sweatshirts and exercise shorts, American Eagle alleges. "These statements are patently false because customers cannot shop for Aerie products on Amazon." Many of the alleged Aerie knock-offs referenced in the lawsuit are sold by third-party sellers on Amazon's online marketplace. American Eagle is seeking an injunction and financial damages based on Amazon's alleged trademark infringement.

Persons: Arie, It's, Birkenstock, didn't Organizations: Eagle Outfitters, Amazon, Eagle, Southern, of, of New York ., Google, Daimler AG, Mercedes, Benz, counterfeiters Locations: U.S, of New York

☆ Ferrari program aims to stop counterfeit cars.
▼ + stars: | 2024-07-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

Ferrari is so determined to maintain the authenticity of its cars, then, that it’s crushing potential fakes into cubes. Potential tattle-tales can share tips on possible faux Ferrari goods on a web page Ferrari created just for the purpose. How to fake a carWhile creating fake merchandise can be a simple matter of placing an unlicensed Ferrari prancing horse logo on a product, producing a believable fake Ferrari car can be much more involved. “Generally, the Ferrari collector tends to have a considerable knowledge over the brand as a whole and its cars, especially the most valuable ones,” said the spokesperson. As an example of the fate that awaits any fake Ferrari automobiles the company can find, Ferrari published a photo of a red car squished into a crinkled metal cube.

Persons: Ferrari, – Ferraristi, ”, ” Ferrari, Brian Rabold, “, ” Rabold, they’ll, Enzo, Michael Mann, “ Ferrari Organizations: CNN —, counterfeits, CNN, Ferrari Locations: Italy, Italian

☆ Lauren Boebert admits the shiny gold Trump sneakers she wore after her Colorado primary win were 'very China' counterfeits
▼ + stars: | 2024-07-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Lauren Boebert was seen sporting a pair of Trump sneakers at her election watch party last week. But the Colorado Republican said the flamboyant footwear she wore wasn't the real deal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Colorado Republican was seen sporting a pair of golden Trump sneakers at an election watch party on Tuesday. Boebert, who switched from Colorado's 3rd congressional District to the 4th congressional District, won the GOP primary for the constituency.

Persons: Lauren Boebert, Boebert, —, Donald Trump, couldn't Organizations: Trump, Colorado Republican, Service, District, GOP Locations: China

☆ Roche alleges counterfeit diabetes medical devices were sold on Amazon
▼ + stars: | 2024-06-10 | by ( Scott Zamost | ) www.cnbc.com time to read: +4 min

Roche Diabetes Care Inc. Accu-Chek brand glucose test strips are arranged for a photograph in the Brooklyn borough of New York, U.S., on Thursday, April 4, 2019. Roche , one of the world's largest biotech companies, said "dangerous counterfeits" of its diabetes medical devices ended up for sale on Amazon to be bought by patients throughout the United States. "Patients know that Roche's Accu-Chek medical devices are safe, sterile and accurate," the complaint said. After the suit was filed, a judge granted Roche's request for a temporary restraining order to stop the defendants from selling the counterfeit products. The complaint was filed on behalf of Roche Diabetes Care Inc., Roche Diabetes Care GmbH and Hoffmann-La Roche Inc, by attorneys with the New York-based law firm Patterson Belknap Webb & Tyler.

Persons: Roche, Patterson Belknap Webb, Tyler, Dileep Kumar Yadav, Abhishek Jain, Ratnakar Sharma, Atikur Rahman Organizations: Roche Diabetes Care Inc, Amazon, CNBC, Roche Diabetes Care GmbH, Hoffmann, Roche Inc, New, JMD Enterprises, JMD, JMD International Locations: Brooklyn, New York, U.S, United States, India, New York City

☆ The RealReal is using AI to find fakes
▼ + stars: | 2024-05-21 | by ( Freya Graham | ) www.businessinsider.com time to read: +6 min

This article is part of "CXO AI Playbook" — straight talk from business leaders on how they're testing and using AI. For "CXO AI Playbook," Business Insider takes a look at mini case studies about AI adoption across industries, company sizes, and technology DNA. We've asked each of the featured companies to tell us about the problems they're trying to solve with AI, who's making these decisions internally, and their vision for using AI in the future. AI in actionThe RealReal started using artificial intelligence in 2018 with a program designed to speed up the writing of descriptions for newly uploaded items. Courtesy of Samantha McCandlessHumans are still part of the authentication process, which helps to manage issues such as false positives.

Persons: —, We've, Samantha McCandless, McCandless, tinker, that's, What's Organizations: Service

Rob Holmes is a private investigator. Holmes speaks with Business Insider about how counterfeits are made in factories overseas. He also examines a genuine Rolex and gives tips on how to spot a genuine watch. Holmes began investigating counterfeits during his childhood: His father, Rob Sr., was a renowned counterfeit investigator in New York in the 1980s. Holmes describes his dad's encounters with Chinatown gangs and tells Business Insider how he and his brother are carrying on their father's legacy through their investigations business, MI:33.

Persons: Rob Holmes, Holmes, counterfeits, Rob Sr Organizations: Business Locations: United States, New York, MI

☆ How to check if your solar eclipse glasses are real
▼ + stars: | 2024-03-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +11 min

Otherwise, experts say it’s absolutely necessary to wear certified eclipse glasses or use handheld solar viewers that meet a specific safety standard, known as ISO 12312-2, when watching all other phases of a total or partial solar eclipse. And sunglasses won’t work in place of eclipse glasses or solar viewers. Counterfeit eclipse glasses with black lenses that have straight left and right edges from China (top) are printed with text copied from real eclipse glasses, but the counterfeit glasses are missing the company address. Meanwhile, real eclipse glasses from American Paper Optics (bottom) have reflective lenses with curved left and right edges. Never look through an unfiltered optical device of any kind in this situation, even while wearing eclipse glasses.

Persons: ”, Rick Fienberg, “, ” Fienberg, Ronald Benner, doesn’t, ” Benner, Benner, ‘ I’m, ’ Organizations: CNN, American Astronomical Society, NASA, Planetary Society, American Optometric Association, Astronomical Society, ‘, Optics, APO, Eclipse, Force, “, AAS Locations: Mexico, United States, Canada, China, U.S, Cangnan, Europe

☆ Sam Smith opens Vivienne Westwood’s Fall-Winter 2024 show in Paris
▼ + stars: | 2024-03-04 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

The discombobulating outfit was, in fact, the opening look of Vivienne Westwood’s Fall-Winter 2024 show in Paris — a collection that has proved divisive online. “Vivienne Westwood will be turning in her grave watching Sam Smith in this get up,” wrote one disgruntled fan on X. While many online lamented how Kronthaler’s latest season has “defiled” and “tainted” Westwood’s fashion reputation. The 1990s era of Vivienne Westwood was defined by shape and silhouette, as demonstrated here with Linda Evangelista walking the Fall-Winter 1995 show in Paris. Kronthaler's first solo show for Vivienne Westwood at Paris Fashion Week felt more aligned with the brand's popular 90s silhouettes.

Persons: Sam Smith, trudging, fanny, Mel Gibson’s, Vivienne Westwood’s, Andreas Kronthaler, —, Pascal Le Segretain, Vivienne Westwood, Alexander McQueen, John Galliano, Gen, ”, Linda Evangelista, PL, Kronthaler, Kate Moss, “, Vivienne Westwood's, Giovanni Giannoni, Bella Hadid, Kronthaler's Organizations: CNN, Westwood, PL Gould, Vogue, Penske Media, Paris Fashion, Financial Times Locations: Paris, Sharpie

☆ 13 signs your Hermès bag is a fake, from a luxury reseller who's trained to spot counterfeits
▼ + stars: | 2024-02-28 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

Alexis Clarbour has been buying and selling Hermès bags for a decade and knows how to spot a fake. I took an operations role at an e-commerce marketplace called Portero, where my passion for luxury handbags, specifically Hermès bags, began. Under a loupe, the engraving may look chiseled and not as smooth as a genuine Hermès bag. Serial codeEvery Hermès bag has a serial code inside the bag. There are no deals — if someone offers a new Hermès bag below market in the secondary market, I'd recommend staying away.

Persons: Alexis Clarbour, authenticating, It's, Chanel, reselling, Hermès, —, we've, Kelly, Birkin, they've, it's, sloppily, there's, Le Duc, Price, I'd Organizations: Madison Avenue Couture, Nasdaq, MAC, Madison Avenue, Madison Locations: New York City, Hermès

☆ A woman found her dream Prada shoes at Goodwill. She realized they were counterfeits after buying them for $300.
▼ + stars: | 2024-02-21 | by ( Amanda Krause | ) www.businessinsider.com time to read: +4 min

A TikToker thought she found her dream pair of Prada loafers at a Goodwill boutique for $300. TikToker Maiya Mindoro learned that the hard way after purchasing her dream pair of $1,200 Prada shoes at a Goodwill boutique for $300, only to realize later they were counterfeits. AdvertisementShe said she accepted her mistake after comparing the shoes to other Prada items she'd purchased directly from the brand. Specifically, she noticed clear differences in the logo nameplates, which are flat on authentic Prada items but often textured on counterfeit pieces. And because brick-and-mortar Goodwill stores are all operated independently, as Bell pointed out, each has its own process for authenticating goods.

Persons: Prada, —, Goodwill Colorado, she'd, It's, Stephanie Bell, Ralph Lauren, Bell Organizations: Service, Goodwill, Goodwill Colorado Locations: Denver, Mindoro, Goodwill Colorado

☆ Japanese brand Uniqlo sues Shein for allegedly copying its viral Round Mini Shoulder Bag
▼ + stars: | 2024-01-17 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Japanese brand Uniqlo is suing Shein over claims the Chinese fast-fashion retailer is selling copycats of its viral shoulder bag. Its lawsuit against Shein was filed in Tokyo on December 28 and named three of the brand’s operators — Roadget Business Pte, Fashion Choice Pte and Shein Japan — according to the Fast Retailing statement. The shoulder bag first began circulating on TikTok in 2022 and continued to blow up in popularity through 2023, with video creators praising its versatility, spaciousness and affordability. The most viral TikToks about the bag racked up millions of views, ranging from styling tips to “what’s in my bag” videos, unboxings and haul reviews. In an investor report in the third quarter of 2023, Fast Retailer credited the shoulder bag for sparking “considerable interest on social media” and expanding its customer base among women and younger shoppers.

Persons: Shein, Uniqlo, “, Temu Organizations: Hong Kong CNN, Retailing, Shein, Company, CNN, Retailer, US Locations: Hong Kong, Tokyo, Shein Japan, TikTok, US United States, Chinese

☆ Brick-Filled Boxes. Bogus Receipts. Retailers Battle Fraudulent Returns.
▼ + stars: | 2024-01-13 | by ( Liz Young | ) www.wsj.com time to read: 1 min

The pandemic has changed the way we shop. More people buying things online means more people returning things, too. WSJ’s Dalvin Brown explains how some companies are leveraging gig workers to make those returns for you. Photo illustration: David FangSome companies processing returned televisions for retailers have gotten a surprise when opening the boxes—packaging filled with bricks rather than newly purchased TVs. Others examining returned purchases of purported luxury goods are instead finding counterfeits sent in by customers looking for refunds on full-price, deluxe merchandise.

Persons: WSJ’s Dalvin Brown, David Fang, counterfeits

☆ Suspected fake Ozempic causes hypoglycemia in 11 in Lebanon
▼ + stars: | 2023-11-28 | by ( Patrick Wingrove | ) www.reuters.com time to read: +4 min

Three of the people who took the suspected fake Ozempic did so to control their diabetes, while four took it for weight management, Karam said. People with diabetes need to closely manage their blood sugar, which can be done with a variety of medicines including Ozempic. Lebanon's Ministry of Public Health issued two recalls related to Ozempic in January 2023, according to its website. Karam said Ozempic is neither purchased nor provided by the Ministry of Public Health. Several people have been hospitalized in Austria for hypoglycemia after taking potentially fake versions of Ozempic.

Persons: Rita Karam, Eli Lilly's, Novo's, Karam, Ozempic, Patrick Wingrove, Caroline Humer, Bill Berkrot Organizations: Lebanese Ministry of Public Health, Lebanon's Ministry of Public Health, Novo Nordisk, World Obesity, Obesity, International Diabetes Federation, Ministry of Public Health, Reuters, Thomson Locations: Lebanon, Germany, Egypt, Russia, United States, Novo, Britain, Belgium, Austria

☆ Singapore's Temasek warns that fake agents in China are trying to sell scam investments
▼ + stars: | 2023-11-22 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

An undated photo of a signage at Singapore state investor Temasek Holdings' headquarters in the Southeast Asian city-state. Singapore's Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while posing as agents of the firm's office in Shenzhen, China. "We have been alerted to a scam in China that involves the impersonation of Temasek in Shenzhen, using our registered office name 'Temasek Holdings Advisors (Shenzhen) Co., Ltd.' / '淡马锡投资咨询 (深圳) 有限公司'," Temasek said in a statement Wednesday. Temasek does not directly sell any investment products or financial instruments in China. We have not authorized any third party to do so on our behalf," the Singapore investment company added.

Persons: scammers, Temasek Organizations: Temasek Holdings, Singapore's Temasek Holdings, Temasek, Temasek Holdings Advisors, Co, Singapore, Apple, Ikea, Xinhua Locations: Singapore, Shenzhen, China, Beijing, Shanghai, Myanmar

☆ Is that $35 Apple Watch real? How misleading TikTok influencer videos could be the next big headache in e-commerce
▼ + stars: | 2023-11-13 | by ( Dan Whateley | ) www.businessinsider.com time to read: +8 min

Tyler linked his post to a $34.88 smartwatch available on TikTok Shop from a merchant called MoonMates, which did not represent the item as Apple-made. Because the video featured a TikTok Shop tag, Tyler was likely eligible for a commission on any watch sales his video generated. Others may do it unintentionally because they're not entirely sure whether a steeply discounted TikTok Shop product is authentic. If false video reviews proliferate across TikTok Shop, it could pose an existential risk for the nascent e-commerce platform. TikTok user Vincent Patritto went viral in September after promoting a pair of Crocs that were available on TikTok Shop.

Persons: Austin Tyler, Tyler, TikTok, they're, Brett Hollenbeck, Hollenbeck, it's, Vincent Patritto, they've, Patritto, Lululemon Athletica, Influencers, aren't Organizations: Apple, Apple Watch, Shop, UCLA's Anderson School of Management, New, Prime, YouTube, Expedia, UCLA

☆ Check out how different the inside of fake AirPods look compared to the real thing
▼ + stars: | 2023-11-13 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Jon Bruner, head of marketing at Lumafield, shared some CT scans of real and counterfeit AirPods. On Tuesday, Bruner shared some photos to X showing CT scans of a real pair of AirPods compared to some counterfeitsLumafield calls the engineering of the AirPods Pro a "marvel of miniaturization." AdvertisementAdvertisementLumafield reviewed some key differences between the batteries, circuitry, and overall quality in the real and counterfeit AirPods. The real AirPods scanned were a pair of AirPods Pro, the most expensive of Apple's wireless earbud lineup. Jon Bruner/LumafieldThe fake AirPods also have fewer microphones, so you won't get as good sound quality as you would with the real AirPods, according to Lumafield.

Persons: Jon Bruner, —, Bruner, Lumafield, it's, you've Organizations: Service

☆ Apple asked Amazon to block rival ads. Insider found evidence of this special treatment, while others suffer from 'junk ads'
▼ + stars: | 2023-11-10 | by ( Eugene Kim | ) www.businessinsider.com time to read: +11 min

Other companies's product pages are cluttered with a mix of ads and product recommendations from competitors or sometimes irrelevant brands. The latest Apple product pages on Amazon have none of this extra marketing. In contrast, Amazon search results for other brands, such as Samsung and Sony, show at least two or three sponsored ads from rivals. At the time, Apple also asked Amazon to make its product pages clean, without any non-Apple product recommendations. By providing "accurate, relevant and qualitative content on Apple Product pages," Apple has been able to address much of the counterfeit issues on Amazon, the iPhone maker said.

Persons: Jeff Bezos, Apple, Jeff Wilke, Kaziukenas, Amazon's, Wilke, Bose, it's, I'm, —, Bezos, Amazon Organizations: Amazon, Federal Trade Commission, Samsung Galaxy, Microsoft, Samsung, Apple, Sony, House, Committee, LG, Galaxy, FTC, Adidas

REUTERS/George Frey Acquire Licensing RightsBERLIN, Oct 24 (Reuters) - Several people were hospitalised in Austria after using suspected fake versions of the diabetes drug Ozempic, the country's health safety body said, the first report of harm to users in a widening European hunt for counterfeiters. Regional regulator, the European Medicines Agency (EMA), last week warned about pre-filled injection pens falsely labelled as Ozempic, which has seen surging demand for its weight-loss benefits. The maker of the drug, Novo Nordisk (NOVOb.CO), has flagged a surge in online offers of fake versions of Ozempic as well as its weight-loss drug Wegovy, both based on semaglutide. The BASG did not provide an exact number of people harmed by the fake Ozempic, or say how long-lasting the adverse effects would be on their health. That person likely did not procure the fakes from an official pharmacy, it said, warning that fake injection pens may still be in circulation.

Persons: George Frey, Ozempic, BASG, Wegovy, Miranda Murray, Ludwig Burger, Alexandra Schwarz, Angus MacSwan, Bernadette Baum Organizations: Novo Nordisk, Pharmacy, REUTERS, Rights, European Medicines Agency, EMA, Thomson Locations: Provo , Utah, U.S, Austria, Danish, Germany, Britain, British, Berlin, Frankfurt, Vienna

Homeland Security, as well as companies that help identify counterfeit products such as Israel’s BrandShield. Fake weight-loss drugs will be a key focus in the agency’s annual counterfeit medicines report, due next year, the official said. “We have counterfeit products and stolen products,” the official said. "We will look online and if we find something that infringes (obesity drug trademarks) we'll get it taken down,” said Yoav Keren, BrandShield CEO. When a consumer buys those fakes, “what you get are expired drugs, counterfeit drugs, or nothing,” he added.

Persons: George Frey, Eli Lilly, BrandShield, Novo’s Ozempic, ”, Jim Mancuso, Mancuso, Europol, Novo, Lilly, “, Ozempic, Yoav Keren, MHRA, Eli, Mounjaro, Patrick Wingrove, Aurora Ellis Organizations: Novo Nordisk, Pharmacy, REUTERS, Novo Nordisk’s, Pharmaceutical Security Institute, drugmakers Novo Nordisk, Europol, Interpol, U.S . Homeland Security, U.S . Food, Drug Administration, U.S . Department of Homeland, Coordination Center, PSI, Medicines, Healthcare, Agency, Health Organization, Ireland’s, Products Regulatory Authority, Reuters, Thomson Locations: Provo , Utah, U.S, America, Europe, Germany, Egypt, Russia, North America

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