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New FINRA Guidance Suggests Increased Scrutiny of Member Firms Relationships with Third-Party Vendors | Troutman Pepper
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Laredo man gets over 8 years after migrant in trunk dies in crash
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Feds seize $3 6M from Eugene company over sale of fake N95 masks
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Feds Seize $3 6M from Company over Sale of Fake N95 Masks
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The state of Maine purchased 1.8 million fake N95 masks from Med-Tech Resource LCC of Eugene
Associated Press
PORTLAND, Maine The federal government has seized $3.6 million from the bank account of a Eugene company involved in a deal to sell $4.5 million in overpriced, counterfeit N95 masks to the state of Maine.
The U.S. attorney is seeking to force the company, Med-Tech Resource LLC of Eugene, to forfeit the money and reimburse the state for 1.8 million fake respirators purchased by the state. But the company s CEO already agreed to refund the state, the Portland Press Herald reported.
“We’ll do everything in our power to make everyone whole,” said Michael Modrich, founder and CEO of the 30-year-old medical supply company.