Copyright coalition: Piracy more serious than burglary, fraud, bank robbery

June 16th, 2007

“NBC/Universal general counsel Rick Cotton suggests that society wastes entirely too much money policing crimes like burglary, fraud, and bank-robbing, when it should be doing something about piracy instead. ‘Our law enforcement resources are seriously misaligned,’ Cotton said. ‘If you add up all the various kinds of property crimes in this country, everything from theft, to fraud, to burglary, bank-robbing, all of it, it costs the country $16 billion a year. But intellectual property crime runs to hundreds of billions [of dollars] a year…’” (Read full article here)

Entry Filed under: World & Business, e-Life