Crimes of Fashion: Purchasing Counterfeit Items Also Supports Terrorism Worldwide

$600 Billion Estimated annual sales in counterfeit products worldwide

$512 Billion Global sales lost to counterfeit goods

$250 Billion Annual loss to American companies from intellectual property theft

$20 Billion Estimated loss to American companies from counterfeit products

$1 Billion Estimated annual loss in New York City tax revenues due to counterfeiting

750,000 Number of jobs lost due to intellectual property theft in the United States

10% Estimated percentage of fakes among all goods produced worldwide every year

Source: Harpers Bazaar