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David V. Simunovich

Police & Fire
South Korean Clothing Manufacturer Admits Customs Fraud, Agrees To Pay US $2 Million South Korean Clothing Manufacturer Admits Customs Fraud, Agrees To Pay US $2 Million
South Korean Clothing Manufacturer Admits Customs Fraud, Agrees To Pay US $2 Million A South Korean company has agreed to reimburse the United States $2 million for defrauding Customs officials about the value of imported clothing and apparel. Principals with Anyclo International Inc. admitted this week that the company evaded duties on clothing and apparel that it manufactured abroad and imported into the U.S. for nearly seven years, beginning in October 2012, U.S. Attorney for New Jersey Philip R. Sellinger said. The fraud involved preparing two invoices for the same shipments, the U.S. attorney said. One invoice bore the true value of the merchandise, Sellinger said. Th…

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by Jerry DeMarco
News
COVID Mask Seller From Brooklyn Pleads Guilty To Gouging NJ Grocers At 400% Markup COVID Mask Seller From Brooklyn Pleads Guilty To Gouging NJ Grocers At 400% Markup
COVID Mask Seller From Brooklyn Pleads Guilty To Gouging NJ Grocers At 400% Markup A Brooklyn company admitted that it illegally made a killing off a New Jersey grocery store chain by selling it COVID masks during the pandemic at a 400% markup, federal authorities said. Milk & Honey Ventures and two partners bought 250,000 KN95 filtering facepiece respirators from a foreign manufacturer, U.S. Attorney Philip R. Sellinger said Tuesday, March 29. MHV had never sold personal protective equipment before, Sellinger said. The company and one its partners sold 100,000 of the masks to a chain of New Jersey grocery stores at $5.25 per mask -- far in excess of prevailing marke…

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by Jerry DeMarco