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Nicholas P. Grippo

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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
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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