“Shark Tank” star Daymond John reportedly tried to sell N95 masks for a high price to Florida officials trying to get them to front-line health care workers.
via Page Six:
John, the CEO of the Shark Group, offered to sell the 3M-made masks to the state at $7 a pop, more than three times the market rate, the Miami Herald reported.
“This was not somebody off the street, this was Daymond John,” Jared Moskowitz, director of the state Department of Emergency Management, told the newspaper.
Moskowitz said the reality star, who founded the streetwear brand Fubu, touted his experience in the apparel world.
“He came to me and said, ‘I’ve been in the clothing business. I have connections with factories in China,’” Moskowitz said.
Desperate to get the supplies, the state agreed to pay $7 million to John’s Shark Group for 1 million masks, the newspaper reported.
Under an unusual agreement, the state signed the purchase order March 25 with the law firm Foley & Lardner, which would handle the transaction with the company, according to the report.
But by mid-April, the multimillion-dollar deal fell through, though it’s unclear why that happened, the outlet reported.
Referring to the state’s various botched attempts to buy supplies, Moskowitz said “many people were duped,” the newspaper reported.
Shark Group’s deal is among the ones being looked at by Minnesota-based 3M, which is going after fraud and price gouging on its supplies, according to the newspaper.
Shark Group could not be reached for comment, the outlet reported.
Let’s be real — Daymond John (like most multi-millionaires) didn’t get to where he is by NOT taking advantage of people along the way.