InvestorsHub Logo
Followers 199
Posts 19086
Boards Moderated 0
Alias Born 01/08/2008

Re: lucky, mydog post# 63732

Tuesday, 04/28/2020 7:47:56 PM

Tuesday, April 28, 2020 7:47:56 PM

Post# of 63806
any connections ?? it is good to see the feds moving fast


Two Individuals Arrested for Conspiring to Violate the Defense Production Act

https://www.justice.gov/usao-edny/pr/two-individuals-arrested-conspiring-violate-defense-production-act

According to court filings, between March 2020 and April 2020, Bulloch and Young sought out potential investors to sell one million KN95 respirator masks for double or triple the purchase price. To conceal their exorbitant markup on the masks, Bulloch created and signed an escrow agreement for a purported investor that falsely stated that the profits on the re-sale of the masks would not exceed 10 percent. Unbeknownst to the defendants, the purported investor was a federal law enforcement agent.