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Mississippi Man Facing Federal Charges for $1.8 Million in PPE Price Gouging Case – NewsNet

A Mississippi man is dealing with fees in an alleged scheme to defraud well being care staff and the federal authorities via worth gouging.

The US Department of Justice says 57-year previous Kenneth Bryan Ritchey is being accused of profiting greater than 1.Eight million {dollars} by hoarding private protecting gear (PPE), similar to n95 masks after which re promoting them to hospitals in want when the objects the place scarce.

Court paperwork say Ritchey bought supplies to well being care suppliers together with the Department of Veterans Affairs charging them as a lot as 25 {dollars} per masks regardless of market values had been set at a lot decrease costs.

Some well being care services bought the gear at excessive costs attributable to shortage and pressing want, .

If convicted the person will likely be pressured to forfeit any property derived from the worth gouging actions together with any proceeds.


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