Razer, the world-class leader in gaming products and accessories, has helped police in Shanghai crack down on a counterfeit syndicate in China.
Seeing as Razer is such a trusted and respected brand in the gaming industry, it only makes sense that it would assist in ensuring that none of its products will be counterfeited leading to its reputation being tarnished. After the gaming company assisted police in busting the counterfeit syndicate, two Chinese counterfeit criminals, Ping Gong and Haikui Lin. Police established that they were producing and commercially distributing counterfeit Razer products, amongst others. The two men were sentenced to one year in prison and were ordered to pay 150 000RMB (about R286 500.03) to Razer as well as a 140 000RMB (about R267 400.03) fine.
In a press release, Razer stated that the International Criminal Court (ICC) has estimated that counterfeit goods leads to a loss of $125 billion (!!!) on tax revenue and welfare spending and causes a loss of 2.5 million jobs in developed countries alone. The company’s CEO and co-founder, Min-Liang Tan stated that:
Counterfeit goods put a huge toll on innovation and growth across many industries worldwide. By investing in bringing down these operations, [the company] hopes to set an example that this kind of criminal activity will not be tolerated.