A Long Island athletic shoe salesman illegally sold thousands of N95 masks and sanitary gowns at jacked up rates, federal prosecutors alleged in a criminal complaint filed on Friday.
Funny alias for Jared to have…
Love of money is a sickness.
Should’ve invested in that Mar-a-Lago membership.
“The complaint charged that Singh’s pricing of N95 masks – from between $3.99 to $4.99 – constituted price-gouging…”
And that’s not even the worst of it.
He was charging a whopping $19.99 for a 12-oz can of Lemon-Flavored Clorox!
I believe we have met our new Secretary of Commerce.
So he paid $2.70 a mask and charged (185%) $4.99.
What’s the standard markup in retail sales?
I’m guessing he got screwed even more by the manufacturer or wholesaler?
I wanted a mask. He said he was out of stock but had a nice cummerbund to show me.
I Have to wonder if criminal charges would have been so swift if he had a more “American” sounding name like, say, Jerry Falwell or Jared Kushner.
The first tip off that you were a crook was, "Why would a shoe salesman be selling masks and gowns? Dead give away, buddy.
That was my first thought.
Why not? He can sell a knock off copy of a pair of Yeezys for $1200 dollars.
But does he know to kick something upstairs? ahem
Well it is time to send Wilbur to the knacker’s yard.
That was my thought. Honing in on Jared’s grift there.
depending on the item. And maybe Singh was using the athletic shoes as a loss leader.
Well… selling moon pies and pickled pig’s feet from a jar on the counter isn’t gonna put anyone’s kid through college, now is it?
OK I think I’m doing the arithmetic wrong???
So 185% means he paid $1.74 and sold them for $4.99.
(His cost $1.74 + (185% x $1.74)) = $4.99.
Regardless - seems like this guy is small potatoes in a market where 100 millions of these masks are being sold.
50% mark up is the average, but I do remember hearing/reading that N95 makes were about under $2 for cost, and that was I think a price for them coming from overseas.
It’s a chicken joke, right?
“To get to the other side.” 