Earlier this year, we wrote about how some scammers in China, rather than just counterfeiting products had set up an entire counterfeit version of Japanese electronics giant NEC in China. It appears that there may be a different kind of counterfeit problem in the US. The Raw Feed highlights one snippet from a month-old article suggesting that China has set up over 3,000 fake companies in Silicon Valley alone, as front organizations to steal technology from various companies and send it back to China. Economic espionage, of course, is nothing new at all, and is quite common among most industrialized nations. However, it still seems fairly astounding to think that the efforts to deceive would require upwards of 3,000 fake companies in a single region.
If you liked this post, you may also be interested in...
- NSA FOIA Response Claims Data On Vendor Contracts 'Unsearchable'
- Eric Schmidt Claims Google Considered Moving Its Servers Out Of The US To Avoid The NSA
- DailyDirt: Not So Secret Nuclear Weapons
- Apparently James Clapper And The NSA Don't See Eye-To-Eye On Transparency
- 2009: Man Buys 5000 Bitcoins For $27, Forgets About Them. 2013: Man Rediscovers His Bitcoins, Now Worth $886,000