What Happens When Brokers Get Involved?

The unprecedented increase in worldwide demand for healthcare supplies during the pandemic has spurred an opportunity marketplace where brokers with no healthcare experience engage in fraud and profiteering. These opportunistic traders should not be confused with legitimate commercial distributors working to ensure a reliable flow of high-quality medical products to providers.

MAY 21, 2020

Bethany Frankel's Dark Journey to Find Medical Masks

“Federal authorities have also charged several people in recent weeks, including a Georgia man who demanded upfront payments from the Department of Veterans Affairs for $750 million of 3M masks and other gear that he knew didn’t exist."

MAY 6, 2020

Justice Department investigates Blue Flame Medical after it claims that it failed to provide masks to Maryland

“Last weekend, Maryland terminated a $12.5 million contract for personal protective equipment (PPE) with the firm after state officials said the company had failed to deliver masks and ventilators as promised.”

MAY 6, 2020

Overwhelmed by Coronavirus, New York City Awards Contracts to Unproven Vendors

“The city made an upfront payment of about $8.3 million in March to an accountant in Boca Raton, Fla., for 130 Chinese-made ventilators that it didn’t receive..Mr. Gelb had launched his own medical-supply brokerage, Global Medical Supply Group LLC, in March, but didn’t yet have a bank account, according to the accountant.” 

MAY 13, 2020

Conterfeit masks reaching frontline health workerrs in US

“‘This is kind of getting out of control,’ said Kwoka, who made a career in bridal gown design and manufacturing in China but turned to masks earlier this year.”

MAY 20, 2020

A contractor promised FEMA 10 million masks for $55 million. It did not deliver.

“Panthera Worldwide LLC, whose parent company filed for bankruptcy protection last year, had promised to deliver the much-needed personal protective equipment by May 1, despite having no history of providing such materials to the government. ”

MAY 8, 2020

He Had Never Sold a Ventilator. N.Y. Gave Him an $86 Million Deal.

“And the engineer, Yaron Oren-Pines, had no apparent background in procuring medical equipment... State officials later tried to send inspectors to confirm the stockpile in China; that effort was unsuccessful, and the contract was terminated.”

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