Posts Tagged 'counterfeit'

Canada To Issue Plastic Currency

In the ongoing battle against counterfeiting, Canada is abandoning paper currency ( or more accurately, linen), for banknotes made of plastic. The $100 is the first release, with the lower denominations to follow. An LA Times article has more details as well as a video.

 

 

Advertisements

US Navy’s Bargain Hunting Is A Costly Mistake – Counterfeit Chips From China Could Disable Weapons

BusinessInsider reports –

Last year, the U.S. Navy bought 59,000 microchips for use in everything from missiles to transponders and all of them turned out to be counterfeits from China. Wired reports the chips weren’t only low-quality fakes, they had been made with a “back-door” and could have been remotely shut down at any time. If left undiscovered the result could have rendered useless U.S. missiles and killed the signal from aircraft that tells everyone whether it’s friend or foe. Apparently foreign chip makers are often better at making cheap microchips and U.S. defense contractors are loathe to pass up the better deal. The problem remains with these “trojan-horse” circuits that can be built into the chip and are almost impossible to detect — especially without the original plans to compare them to.

Continue reading HERE.

 

 

Chinese Sell Industrial Grade Salt As Food Grade

ChinaDaily reports –

… They divided the industrial salt into small packages in Chongqing, and then sold them to local wholesalers. The packages were sophisticatedly counterfeited and updated regularly, making it hard for them to be distinguished from authentic products, investigations showed.  The country has about 3,000 salt producing companies that produce 68 million tons of crude salt annually, of which only eight million tons is processed into edible salt. All the rest is used as industrial salt.

Read more HERE.


Archives

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 684 other followers

Advertisements

%d bloggers like this: