Three team members from Center for Anti-Counterfeiting and Product Protection, Michigan State University (A-CAPP) recently concluded and co-authored research examining the link between terrorist activities and product counterfeiting. A-CAPP reported they uncovered ten prosecuted cases involving product counterfeiting that were linked to Jihadi or far-right extremists between 1996-2013. Apparently the impact for five of the schemes was over US$95 million. The vast majority of the cases originated with Hezbollah.
A backgrounder on the article is available here.