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Chicago medical supply company owner convicted of price-gouging masks at the beginning of pandemic

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A Winnetka, Illinois, medical supply company owner was convicted Friday of price-gouging N-95 masks at the beginning of the COVID-19 pandemic.

Krikor Topouzian, 62, was the owner of Concord Health Supply in Skokie, Illinois. In his capacity as company president, he accumulated around 79,160 N-95 masks between March and April 2020 at around $5.08 a pop.

Despite this and despite warnings from friends, customers and law enforcement that his prices were too high, Topouzian sold the masks at prices as high as $19.95 per single mask, a markup of 185% to 367% per mask.

 

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Winnetka business owner convicted for price gouging N95 masksA Winnetka business owner has been convicted of price gouging N95 masks during the COVID-19 pandemic, marking the price up 367% per mask in some instances.
Source: chicagotribune - 🏆 8. / 91 Read more »