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Defense Production Act

Federal Judge Fines Mahwah Company $67,668 For Jacking Up Price Of N95 Masks By 400% Federal Judge Fines Mahwah Company $67,668 For Jacking Up Price Of N95 Masks By 400%
Federal Judge Fines Mahwah Company $67,668 For Jacking Up Price Of N95 Masks By 400% A Mahwah-based company that admitted selling N95 protective masks at a 400% markup to a grocery store chain at the beginning of the pandemic was fined $67,668 by a federal judge. TSC Agency LLC -- a logistics and freight forwarding company located off southbound Route 17 near the State Line Diner -- will also remain on probation for a year under the terms of a plea deal with the government, U.S. Attorney Philip R. Sellinger said on Tuesday, April 26. TSC and two partners bought 250,000 of the filtering facepiece respirators at $1.09 apiece mask from a foreign manufacturer in mid-March 2020…
Feds: Price-Gouging Mahwah Company Admits Giving ‘Mask Up’ New Meaning Feds: Price-Gouging Mahwah Company Admits Giving ‘Mask Up’ New Meaning
Feds: Price-Gouging Mahwah Company Admits Giving ‘Mask Up’ New Meaning Representatives of a Mahwah-based company admitted selling N95 protective masks at a 400% markup to a grocery store chain at the beginning of the coronavirus pandemic, federal authorities said. TSC Agency and two partners bought 250,000 of the filtering facepiece respirators at $1.09 apiece mask from a foreign manufacturer in mid-March 2020, Acting U.S. Attorney Rachael Honig said. TSC then sold 100,000 of the masks to the unidentified chain for $5.25 each, violating federal price-gouging laws, she said. The logistics company – located on Lethbridge Plaza off southbound Route 17 near the S…
Feds: Jersey Shore Used Car Dealer Tried To Sell Masks To NYC At 400% Markup In $45M Scheme Feds: Jersey Shore Used Car Dealer Tried To Sell Masks To NYC At 400% Markup In $45M Scheme
Feds: Jersey Shore Used Car Dealer Tried To Sell Masks To NYC At 400% Markup In $45M Scheme A Jersey Shore used car dealer tried to sell desperately-needed personal protective equipment to New York City officials at a 400% markup as part of a $45 million COVID-19 price-gouging scheme, federal authorities charged. Ron Romano, 58, of Manalapan also tried to sell some of the same 3M-brand N95 masks to Florida emergency management officials at a nearly 500% markup during the pandemic’s height, they said Tuesday. Romano not only wasn’t licensed to sell the masks – he didn’t have any, Manhattan U.S. Attorney Geoffrey Berman said. Romano, who owns Roman Chariot Auto Sales in Manalapan, …