NEW YORK: A New Jersey used car dealer was criminally charged on Tuesday (May 26) with exploiting the coronavirus pandemic by trying to defraud ...
NEW YORK: A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks in a roughly US$45 million scheme.
He was also accused of offering to sell 3 million Mexican-made N99 face masks to Florida's Division of Emergency Management for US$5.46 million, a more than 500 per cent markup. They also said that after being warned on Mar 31 the FBI might investigate suspected price gouging, Romano responded:"I thought we are a free market of supply and demand?"Mark Macron, a lawyer for Romano, declined immediate comment. Romano faces wire fraud and two conspiracy charges. Two counts carry maximum 30-year prison terms. Bail was set at US$200,000 in an afternoon teleconference.
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