News Formal

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

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »