Counterfeit Products Seized During Colombian Raid

Earlier this year, a Colombian law firm conducted raids in liaison with the Policia Fiscal y Aduanera on counterfeit bearings identified with the trademark “FAG”, owned by Schaeffler Technologies AG & Co. KG (also known as The Schaeffler Group). After six months of investigative monitoring, authorities were able to seize 39,997 counterfeit items with a value estimated at $1,816,106 USD. The Schaeffer Group, a privately owned major manufacturer of rolling element bearings for automotive, aerospace, and industrial uses, typically supplies products for applications in 60 industrial sectors,