Hundreds of thousands of masks and other pieces of medical equipment seized from a Brooklyn man will be distributed to medical workers treating coronavirus patients.
– News covered by Quincy Quarry News.
Medical supplies seized from an alleged Brooklyn, New York price gouger to be distributed to hospitals.
According to the Department of Justice, the medical material includes roughly 192,000 N95 respirator masks, nearly 600,000 pairs of medical gloves, 130,000 surgical masks, procedure masks, N100 masks, surgical gowns, disinfectant towels, particulate filters as well as bottles of hand sanitizer and disinfectant spray.
While the purported price gouger will be paid “fair market prices” for the items seized, he will be facing federal charges for lying to an FBI agent.
If you are going to lie, you go to jail for the lie rather than the crime. So believe me, don't ever lie.
— Richard M. Nixon (@dick_nixon) February 14, 2017
Source: Medical supplies seized from alleged price gouger to be distributed to hospitals
This hoarding situation caused some of us to question how this guy knew enough to stockpile this stuff. How did he know that these items were going to be the next hot items? He invested a sizable amount of money—enough to wonder where he got his intel.
Arbitrage, gun running — whatever. Same old same old, different products. See also https://www.youtube.com/watch?v=R7VE7-dn8MY In no small way, Amazon and other online retailers often facilitate this sort of sordid transshipping.