A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New ...
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.
The U.S. Department of Justice said Ronald Romano, 58, sought quick riches in late March when his Performance Supply LLC tried to sell 7 million of the 3M-branded masks to New York City's Office of Citywide Procurement for about 500per cent above the typical list price.Prosecutors said the Manalapan, New Jersey, resident created a bogus letter falsely showing that 3M Co authorized the sale.
Prosecutors said Romano's intentions were clear from a March 9 text to an accomplice:"I'm working on a few deals that if I get any of them you might be buying a Ferrari." "Ronald Romano saw the current health emergency as an opportunity to cash in," U.S. Attorney Geoffrey Berman in Manhattan said in a statement."Now Ronald Romano's short-lived second career as a purveyor of vital protective gear is over."
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