NEW YORK — Public Advocate Jumaane Williams and other city leaders are proposing increased fines for business owners who price gouge during the coronavirus crisis.
Price gouging has been rampant across the five boroughs, particularly in low-income neighborhoods and communities of color, according to Williams.
Williams told the PIX11 Morning News on Wednesday he has seen items marked up as high as 100% to 200% above the normal cost.
“At one point we saw a box of masks that normally went for $20 going for $100,” Williams said.
Williams and his colleagues issued a report on Tuesday recommending the increased fines and the possibility of losing permits for business owners who mark-up store items.