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Feds: Troy man sentenced for hoarding masks at pandemic's start, then gouged on resale

Feds: Troy man sentenced for hoarding masks at pandemic's start, then gouged on resale
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Imran Selcuk , Joshuar Rosenthal , Michaeld Gadarian , Us Postal Inspection Service , Defense Production Act , Homeland Security Investigations , Inspection Service ,

DOJ's Robust 2020 Pandemic Response Signals Increasing Focus on COVID-19-Related Fraud in 2021 | Troutman Pepper


Who Needs to Know
Why It Matters
As evidenced in the recently published 2020 Year in Review Report (Report), the Department of Justice’s Fraud Section (Fraud Section) demonstrated its resilience despite the COVID-19 pandemic, as well as its swift response to the evolution of pandemic-induced fraud a trend we expect will continue throughout 2021.
As evidenced in the recently published 2020 Year in Review Report (Report), the Department of Justice’s Fraud Section (Fraud Section) demonstrated its resilience despite the COVID-19 pandemic, as well as its swift response to the evolution of pandemic-induced fraud a trend we expect will continue throughout 2021.
Several areas of COVID-19-related fraud have emerged throughout the past year the most prominent associated with personal protective equipment (PPE), COVID-19 testing, and the Paycheck Protection Program (PPP) which DOJ has successfully prosecuted under price gouging, health care, and securities fraud l ....

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Troy businessman pleads guilty to hoarding and price gouging facemasks


ALBANY, N.Y. — A Troy business owner recently pleaded guilty to hoarding and price gouging in violation of the Defense Production Act of 1950 (DPA).
The announcement was made by Acting U.S. Attorney Antoinette T. Bacon and Kevin Kelly, Special Agent in Charge of the Buffalo Field Office of Homeland Security Investigations (HSI).
“ [Imran Selcuk, 35, of Troy,] saw the pandemic as an opportunity to rip off Capital Region residents and prey upon their fears,” Bacon stated.
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“He purchased thousands of masks from overseas and offered them for sale at highly inflated prices when masks were scarce and the pandemic had just started to take hold. This office will continue to work in coordination with the COVID-19 Hoarding and Price Gouging Task Force to prevent greedy profiteers from taking advantage of this emergency for illicit gain, Bacon explained. ....

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