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Assistant U.S. Attorney David V. Simunovich

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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…

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by Jerry DeMarco