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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Trump administration paid a bankrupt company with zero employees $55 million for N95 masks
The coronavirus pandemic has created a desperate clamber for vital medical supplies, like N95 masks, that has led the federal government to award massive contracts to third-party vendors to help fill the gaps.
In this chaotic effort to obtain supplies, the Trump administration paid $55 million to Panthera Worldwide LLC, a company with no expertise in the world of medical equipment, for N95 masks, The Washington Post reported on Wednesday.
Panthera's parent company filed for bankruptcy protection last fall, and one of its owners last year said it'd had no employees since May 2018, The Post reported, citing sworn testimony. It's no longer listed as an LLC in Virginia, where its main office is, after fees went unpaid, the newspaper said.
Panthera, which describes itself as a tactical training company for the US military and other government agencies, has no record of producing medical supplies or equipment, The Post said.
https://www.businessinsider.com/fema-paid-bankrupt-company-no-employees-55-million-n95-masks-2020-4
brush
(53,788 posts)questionseverything
(9,656 posts)I wonder who these owners are?
Volaris
(10,272 posts)Military type stuff previously. I got 50 bucks says Eric Princes name comes up in relation, tho.
questionseverything
(9,656 posts)demmiblue
(36,865 posts)stillcool
(32,626 posts)Caliman73
(11,738 posts)This sounds very suspicious. They aren't manufacturing the masks, they are just "procuring" them it seems. Sounds like mob business to me. The company has "contacts" and knows where to get masks for over 5 dollars a mask rather than the standard .63 cents or even 1 to 2 dollars because of capacity. Sounds like someone is getting fleeced, and it is us, the tax payers.
Baitball Blogger
(46,736 posts)Cirque du So-What
(25,943 posts)per the text.
SheltieLover
(57,073 posts)Windy City Charlie
(1,178 posts)These crooked companies know how to play the game. They know there's a rush for this and that, that no one is going to take time to verify these are legit businesses. The amount of fraud that's going to occur due to this virus is going to make a person spit nails.
Thomas Hurt
(13,903 posts)Firestorm49
(4,035 posts)Bernardo de La Paz
(49,007 posts)DURHAM D
(32,610 posts)Ferrets are Cool
(21,107 posts)There seems to be no one who can stop him.
Hulk
(6,699 posts)Shit like this is going to be common trade.
QED
(2,747 posts)It was the contract for restoring electrical infrastructure IIRC.
eShirl
(18,494 posts)Mc Mike
(9,114 posts)iluvtennis
(19,863 posts)fescuerescue
(4,448 posts)Im guessing that the parent company is using the sub as a shield against liability. All the actual work (i.e. cashing checks) is done by the parent company.