37 C
Dubai
Wednesday, October 4, 2023
spot_img

World News | Illinois businessman convicted of price gouging N95 masks in early weeks of pandemic

[ad_1]

Streaks of light seen in California. (Photo credit: Video Grab)

CHICAGO, July 2 (AP) — An Illinois businessman was convicted of price gouging for selling N95 masks during the early weeks of the COVID-19 pandemic.

Krikor Topouzian, 62, of Winnetka was convicted Thursday after a judge in Chicago federal court, the Chicago Sun-Times reported. He could face up to a year in prison when sentenced on October 10.

Read also | Canada joins global movement to ban cosmetics tested on animals.

Topzian owned a medical supply company in Skokie, Illinois, according to prosecutors. Prosecutors allege he bought about 80,000 N95 masks in March and April 2020 for about $5 each and then sold them for about $20 each.

Prosecutors said he bragged about earning as much as $80,000 a day and made $1 million in a matter of weeks.

Read also | The Titan submersible will once again go underwater after OceanGate announced future expeditions in an ongoing survey.

The masks have been labeled a “scarce material” during the pandemic as part of the Defense Production Act.

Topzian’s attorneys, listed in online court records as Thomas More Leinenweber and Matthew John McQuaid, did not immediately respond to requests for comment Sunday. Email for comment on this case. (Associated Press)

(This is an unedited and auto-generated story from a syndicated news feed, the latest staff may not have modified or edited the body of content)


[ad_2]

Source link

Related Articles

Nobel Prize in Chemistry for quantum dot LED discovery

Scientists Moungi Bawendi, Louis Brus, and Alexei Ekimov have been awarded the 2023 Nobel Prize in Chemistry for their groundbreaking work on the discovery...

Pope urges swift action on global warming at UN

Pope Francis has called on world leaders to commit to binding climate targets to combat global warming, warning of irreversible damage to both people...

Magnitude 6.4 quake strikes Philippines per UAE’s NCM

On October 4, at 3:21 PM (UAE time), a magnitude 6.4 earthquake struck the Philippines, as reported in an advisory by the National Centre...

New butler replaces late Senator Feinstein in California

Laphonza Butler, a former union leader and Democratic insider, was sworn in as California's newest Senator on Tuesday, succeeding the late Senator Dianne Feinstein....

Flash Floods in Sikkim Leave 23 Indian Soldiers Missing

Reports indicate that 23 army soldiers have gone missing due to a flash flood in the Teesta River of Lachen Valley, caused by a...

Latest Articles