CHICAGO—A Illinois businessman has been convicted of price-gouging in connection with the sale of N95 masks during the early weeks of the COVID-19 pandemic.
Krikor Topouzian, 62, of Winnetka, was convicted Thursday in federal court in Chicago following a bench trial, the Chicago Sun-Times reported. He could face up to a year in prison when he’s sentenced Oct. 10.
Topouzian owned a health supply company in Skokie, Illinois, according to prosecutors. He purchased about 80,000 N95 masks in March and April of 2020 for about $5 per mask and then sold them for about $20 per mask, prosecutors said. He boasted about making as much as $80,000 per day and $1 million in a matter of weeks, prosecutors said….