Last month the United States Patent and Trademark Office ("the Office") announced its cooperation in a Department of Justice investigation into a trademark scam perpetrated by two California men that defrauded about 4,446 people of $1.66 million. Trademark scams have been steadily on the rise over the past few years, which we have previously written about here. The current investigation resulted in the arrest of Artashes Darbinyan and Orbel Hakobyan, both of Glendale, CA, and their guilty pleas to charges of mail fraud and money laundering.
Summary: The nature of public trademark data lends itself to information mining and a significant amount of confusion, deception, and fraud. Accordingly, many private businesses have monopolized public data for their own commercial gain. These private businesses send scam e-mails and letters to clients and counsel including “invoices” that are often paid due to their perceived authenticity. To prevent deception by these fraudulent scams, clients should be advised of the nature of these scams and what to look for when receiving trademark related correspondence.
Maximizing the protection and value of intellectual property assets is often the cornerstone of a business's success and even survival. In this blog, Nutter's Intellectual Property attorneys provide news updates and practical tips in patent portfolio development, IP litigation, trademarks, copyrights, trade secrets and licensing.