The fake trade is a $600 billion global business that—in this country alone—is directly responsible for the annual loss of 750,000 jobs and $250 billion to companies. What’s more, sales of counterfeit goods fund criminal activities that include child labor, drug trafficking, and even terrorism.
Harper’s Bazaar is at the forefront of the global fight against counterfeiting, and on March 16 presented the fifth annual Anticounterfeiting Summit in partnership with the Italian Intellectual Property Rights Desk at the Italian Trade Commission in New York City. Over 150 senior fashion and beauty executives, intellectual property lawyers, and law enforcement officials attended.
Hosted by Sade Baderinwa, co-anchor, WABC-TV Eyewitness News, the summit featured a keynote address by New York City Police Commissioner Raymond W. Kelly. Following Commissioner Kelly’s keynote address, Dan Ariely, best-selling author of Predictably Irrational: The Hidden Forces That Shape Our Decisions, unveiled a new research study titled “Faking It: The Psychology of Dishonesty and Counterfeits.” Special guest speakers also included Paloma Castro Martinez, CEO of The Authentics Foundation, and Pier Luigi Roncaglia, Partner, Studio Legale SIB. A 100% counterfeit Ferrari parked outside of the Hearst Tower garnered attendees’ and pedestrian attention.
For tips on how to spot a fake and to learn what you can do about the global counterfeiting crisis, visit FakesAreNeverinFashion.com.
Valerie Salembier, Senior Vice President/Publisher, Harper’s Bazaar and Dr. Frederick Mostert, Chairman, The Authentics Foundation, stand in front of the counterfeit Ferrari exhibit.
New York City Police Commissioner Raymond W. Kelly, and Sade Baderinwa, co-anchor, WABC-TV Eyewitness News.
Dan Ariely, best-selling author of Predictably Irrational: The Hidden Forces That Shape Our Decisions reveals fascinating new research from the study “Faking It: The Psychology of Dishonesty and Counterfeits.”
HOST
Sade Baderinwa
Co-anchor, WABC-TV Eyewitness News
KEYNOTE SPEAKER
Raymond W. Kelly
New York City Police Commissioner
GUEST SPEAKER
Dan Ariely
Best-Selling Author of Predictably Irrational:The Hidden Forces That Shape Our Decisions
SPECIAL GUESTS
Paloma Castro Martinez
CEO of the Authentics Foundation
Pier Luigi Roncaglia
Partner, Studio Legale SIB
QUICK QUOTES
“Five years ago Harper’s Bazaar committed itself to the fight against the counterfeit industry, particularly luxury goods counterfeiting. We began our initiative by publishing an investigative article and the response is now completely overwhelming. Readers continue to tell us that these articles have been so eye-opening that they not only stopped buying fakes but also many readers have started telling their friends and families – don’t buy fakes.” –Valerie Salembier, Senior Vice President/Publisher, Harper’s Bazaar
“In the last two years, the Police Department has seized $25 million worth of goods and $2 million from personal and professional bank accounts. We’ve had 100 establishments deemed to be criminal nuisances and 67 were shut down. Last year alone we made more than 2,000 arrests for trademark counterfeiting. But until we change the central dynamic of the industry, namely rich rewards and absurdly low risk, we’ll be hard pressed to do more than manage a tidal wave of counterfeits flooding the market here in New York. This is a sobering fact.” –Raymond W. Kelly, New York City Police Commissioner
“We have to educate consumers about buying fake bags. The fake trade is a $600 billion global business. In this country alone companies lose $250 billion each year due to counterfeiting. And counterfeiting is directly responsible for the loss of 750,000 American jobs each year and we all know, given the news in this economy, every job counts. Those are 750,000 people that could be employed right here in the US.” –Sade Baderinwa, Co-anchor, WABC-TV Eyewitness News
Click here to read about our 2008 summit in New York City.
Click here to read about our 2007 summits in London and New York City.
SUMMITS
