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A market seller in the UK has been found guilty of infringing various intellectual property rights after he was caught trading counterfeit goods.
Mr. Green reportedly infringed the registered trade marks of major fashion labels such as Ralph Lauren, Chanel, Louis Vuitton, and Nike after he was caught with more than 320 items of counterfeit clothing in his possession last year.
Following a search by officers, the 50-year-old market seller from Nottinghamshire was discovered with almost £2,500 in cash on his person.
Cambridge Magistrates Court found Mr. Green guilty of both money laundering and trade mark offences and the Court subsequently granted a forfeiture order under the Proceeds of Crime Act 2002.
Aileen Andrews, trading standards service manager for Cambridgeshire County Council, said: “seized cash or other proceeds of crime can go directly back to victims by way of compensation, but in this case, we’ll receive a percentage of the cash seized under the Asset Recovery Incentivisation Scheme operated by the Home Office.
“We will use this money to continue to crack down on criminal activity which can have an impact on both consumers and legitimate local business within the county.”
Exploiting, copying or otherwise using another’s intellectual property without proper authorisation will amount to infringement. It is important to remember that intellectual property infringement is not a victimless crime – it can, and has the ability to, threaten legitimate businesses, employees and significantly undermine consumer confidence.