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Start-Up Creates Portable Scanner That Can Detect Fake Designer Goods

New York-based startup Entrupy has invented a small, portable scanner that rich people can use to check the authenticity of designer bags in mere seconds.

According to data from the Organisation for Economic Co-operation and Development, the global counterfeit industry is worth around 460 billion dollars, a big chunk of which involves counterfeit luxury goods from brands like Louis Vuitton or Channel. The thing about such fakes is that they are often so well-made that the human eye simply cannot tell them apart from originals. That’s where technology come in. Using a high-quality scanner and deep-learning technology, the brilliant minds behind Entrupy, have come up with a device that allows anyone to check the authenticity of luxury products, anytime, anywhere.

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97% of Counterfeit Money in China Can Be Traced Back to One Insanely Talented Painter

According to a recent report by state media, 96.7% of all counterfeit bills circulating in China originated from templates hand-drawn by Peng Daxiang, an elderly painter who was arrested in 2013.

Before being apprehended by police, 73-year-old Daxiang, a native of Shantou, Guangdong Province, had single-handedly managed to produce dozens of printing plates worth millions of yuan without the use of computers or other modern technology. Instead, he relied on simple tools like magnifying glasses and film cameras. He apparently made huge profits selling these templates to counterfeiting gangs, charging anywhere between 50,000 yuan ($8,000) and 120,000 yuan ($20,000) per plate.

Officials later discovered that Daxiang, a famous artist in his hometown, was also involved in forging graduate diplomas, official certificates and even food stamps. He was finally sentenced to life imprisonment in 2014, by the Shantou Intermediate People’s Court, on multiple charges including counterfeiting money and forging official documents. All of his possessions were confiscated by the state and he was deprived of political rights for life.

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