When piracy is legal Clothing designers often have their creations mimicked by low-end knock-off shops. (more)
Whose hand is in your till?An accountant gone wild pleaded guilty to stealing more than $1 million. (more)
Embezzlement safeguards 5 ways to protect your business (more)
Special Offer

Past victims: Where are they now?

FSB checks back in with three businesses that suffered from patent infringement and IP theft.

1 of 3
BACK NEXT
Countering Counterfeiters
Countering Counterfeiters
Then: Carter Weiss, CEO of Built NY, a New York City firm that sells colorful neoprene cases for everything from wine bottles to laptops, successfully fought patent infringement by hiring private eyes and lawyers to confront copycats (FSB, March 2006).

Now: As Built NY expands globally, so does the number of international counterfeiters, who cost the business 20% to 25% of its overseas sales.

"The problem keeps growing," says Weiss, 38, who keeps three law firms busy watching out for his patents. He hopes that his firm, which now lists IP protection as its fourth-largest expense, will face fewer lawsuits in the future.

"I'd rather be choosing colors for new designs," he says. "But for now, this is part of my job."


NEXT: Raided by a big rival
Last updated April 28 2008: 9:41 AM ET
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.