The Ugly Amazon Truth: Counterfeits

by Karl Denninger

Gee, who would have thought.

San Francisco (AP) — Apple says it has been buying Apple chargers and cables labeled as genuine on and has found nearly 90 percent of them to be counterfeit.

The revelation comes in a federal lawsuit filed by Apple against a New Jersey company on Monday over what Apple says are counterfeit products that were sold on Amazon.

Why isn’t Amazon responsible for this on a legal basis?

It should be.


Because it takes a cut of the sales, it presents the products and runs the marketplace.

Continue Reading at…