A New York pharmacist bought up $US200,000 worth of N95 masks before the coronavirus pandemic grew severe in the US, then sold them at up to a 50% markup, prosecutors allege. The pharmacist, 66-year-old Richard Schirripa, sold more than $US2,000 worth of masks to an undercover officer, and said during […]
A New York hospital paying huge markups on masks, face shields and gowns to protect its medics during the coronavirus emergency, Associated Press (AP) reported. The chief financial officer at Saint Joseph’s Medical Centre said price gougers were charging $US7 for a 50 cent gown and $US25 for a protective […]
As the Jewish holiday of Passover begins this week, shoppers have reported shortages of items in grocery stores and online. Business Insider discovered similar price-gouging by online retailers on Passover foods like matzah and Kosher for Passover cakes. Price-gouging has become more common during the coronavirus pandemic, which has infected […]
Facebook, Instagram’s parent company, is no longer permitting advertisements or commerce listings for face masks, hand sanitizers, disinfecting wipes, or COVID-19 test kits. But some users are creating anonymous, personal profiles on both platforms to price gouge items like face masks, and many are ripping stock images and photos from […]
Amazon announced Monday that it has booted 3,900 sellers off its platform for price gouging. The coronavirus crisis has sent demand for deliveries of medical and household items skyrocketing. Sellers have tried to take advantage, charging extortionate prices for items such as hand sanitizer and toilet roll. At the beginning […]
The coronavirus pandemic has caused Americans to storm grocery stores, waiting in long lines and filling up their carts with necessities including toilet paper and hand sanitizer. Amid the panic, there have been numerous reports of price gouging, from $US50 bottles of Purell, to $US10 for a single toilet roll, […]
A Tennessee man who made his living selling products online came under fire when The New York Times reported he had stockpiled anti-bacterial wipes and 17,700 bottles of hand sanitizer. After the story was published on Saturday, Colvin received angry messages and even death threats. On Sunday, he said he […]
Thermometers are selling for hundreds of dollars on Amazon as the online retailer seeks to curb price-gouging during the coronavirus epidemic. One listing was charging $US504 for a contactless thermometer at the time of publishing. Other listings ran upwards of $US100 or $US200 for thermometers similar to ones selling at […]
The coronavirus outbreak has led to a shortage of protective masks and other medical supplies, leading some sellers to significantly increase prices. Amazon has been trying to prevent the practice on its platform, alerting sellers who may be in violation of its pricing policies, according to Wired. Most states in […]
Prosecutors have asked a judge to sentence former pharmaceutical executive Martin Shkreli to at least 15 years in prison. Shkreli, who is set to be sentenced on Friday, has asked for a shorter sentence between 12 and 18 months. In August 2017, a jury found Shkreli guilty of securities fraud. […]
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