Counterfeit Alcohol Market Value: $300 Million
Posted on May 10, 2008
Filed Under Black Market Index, counterfeit and piracy |
Counterfeit Alcohol is the selling of cheap, fake alcohol under brand names.
The International Federation of Spirits Producers stated that counterfeit alcohol leads to an estimated Euro 500 to 600 million ($700 million) annual loss.
Source: Neil Merrett, ” Czech sting reveals Eastern Europe’s fake spirits boom,” CEE-Foodinustry.com, August 3, 2006, (accessed: September 25, 2007).
Comments
Leave a Reply