Justice Department Seizes Chinese Funds

basketball 150x150 Justice Department Seizes Chinese FundsToday is not a good day to be a scammer. The U.S. Department of Justice has just announced an $896,000+ seizure of proceeds from con artists selling counterfeit sports jerseys online. The funds that were seized had been transferred from Paypal accounts to various Chinese banks. The DOJ also closed down seven domain names engaged in selling fake goods.

Operation In Our Sites, which targets online commercial intellectual property crime has shut down 758 websites since its inception in June of 2010. The program is run through the Office of Homeland Security.

“Counterfeiting and intellectual property theft are seriously undermining U.S. business and innovation,” says John Morton, Director of Homeland Security’s Immigration and Customs Enforcement (ICE). “Consumers are at risk, American industry is harmed and U.S. jobs are lost. As a country, we can ill afford the toll that intellectual property theft exacts on our economy and industries.”

To learn more about the seizure, or about the Intellecutal Property Task Force, please visit the U.S. Department of Justice webpage.

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About Holly Doering

Holly Doering has worked for the Better Business Bureau Serving Eastern Washington, North Idaho, and Montana for half a decade. Her areas of expertise include the CORE Values Program (Character, Optimism, Respect, Ethics) for Teens and Charity Review as well as writing and editing. Prior to that, she has written for two newspapers, a local magazine, and taught English at the community college. She is the proud author of a short story in ZYZZYVA literary magazine and has had good luck publishing lots of poetry. Each year she rolls up her sleeves and wades into the autumn Nanowrimo writing madness and has several unfinished novels to her credit.