Persons caught illegally selling infringing products jailed and fined; thousands of imitation Razer products seized in raid
Razer™, a world leader in connected devices and software for gamers, today announced the sentencing of two men arrested for selling counterfeit Razer products online in China. Haikui Lin and Ping Gong were each committed to a year in prison and fined 140,000RMB, in addition to a 150,000RMB fine paid to Razer.
“Counterfeit goods put a huge toll on innovation and growth across many industries worldwide,” says Min-Liang Tan, Razer Co-Founder and CEO. “By investing in bringing down these operations, Razer hopes to set an example that this kind of criminal activity will not be tolerated.”
The International Criminal Court (ICC) estimates the cost on counterfeit goods on tax revenue and additional welfare spending is up to US$125 billion in developed countries alone and that 2.5 million jobs are lost as a result.