Intellectual Property & Trade Fraud

Title: “Intellectual Property and Trade Fraud”
Speaker: John H. Schmidt, U.S. Department of Homeland Security – Investigations
Cost: $25.00/LOCAL Chapter members; $28.00/NATIONAL ACFE Members & Professional Guests
CPE: 1.25hr
Date: Wednesday, August 7th
Time: Lunch served at 11:45am, Speaker at Noon
Place:  5Happiness – Imperial Room on Carrollton, New Orleans

Topic:  How would you feel if you poured your life into creating a new product, making a movie, or designing a software program only to learn that someone else was pocketing the profits by selling an illegal knockoff?

It happens…all too often. The theft of so-called intellectual property – creative expressions like trade secrets, proprietary products and parts, pharmaceutical formularies, literature, music, and films – comes at a high price. In addition to the very real impact on the rightful owners, it costs legitimate businesses billions of dollars in lost revenue, drives up consumer prices, robs the U.S. and global economies of vital jobs and tax revenues, reduces product safety, and sometimes even puts lives at risk.

The National Intellectual Property Rights (IPR) Coordination Center is the U.S. government’s clearinghouse for investigations into Intellectual Property crimes that endanger public health, public safety and fair competition. The IPR Center uses the unique authorities, resources and expertise of its member agencies to share information, manage investigative leads, coordinate investigations, and provide training and assistance.

John Schmidt is the Group Supervisor of Investigations for Homeland Security here in New Orleans. Mr. Schmidt will present on the role the NIPRCC plays in combating fraud, as well as share information on seizures and past cases made in the New Orleans area.

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