A Winnetka business owner has been federally convicted of price gouging of N95 masks during the COVID-19 pandemic, marking the price up as high as 367% per mask.
Findings of Fact from the court outlined text messages where Topouzian spoke of how much profit he was making off the masks, estimating in a text message he was profiting anywhere from $50,000 to $80,000 a day. The document also states that several parties, including law enforcement, warned Topouzian about illegal price gouging to which he replied, “Who is going to report me?”
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