Good news. Four of the top known names in the musical instrument business, Ibanez, Gretsch, Fender and Paul Reed Smith (PRS), teamed up in March 2008 to develop the Electric Guitar Anti-Counterfeiting Coalition (EGACC) and brought down two guitar counterfeiting companies in Beijing, China. During the intensive operation, the PSB seized over 1,200 counterfeit guitars and other musical instruments... a number of individuals including the owners of these businesses were detained and are now looking at fines and jail time.
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