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Over 90 cease and desist orders sent to NM businesses price gouging

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Over 90 cease and desist orders sent to NM businesses price gouging
New Mexico Attorney General Hector Balderas said several local businesses are taking advantage of people during the coronavirus outbreak by hiking up prices. Balderas said his office has sent out 90 cease-and-desist letters to businesses in Albuquerque and rural New Mexico for price gouging and overstocking on products. He said dozens of New Mexicans are filing complaints with his office because of it. Not only are businesses overpricing on stuff like tissue paper, hand sanitizer, and other goods and services, but he said, they are also overstocking, which means they are buying more products than they need from distributors."There's a fine balance between businesses trying to survive and also taking advantage of the marketplace," Balderas said. "So if these individuals are just trying to drive up the price or take advantage of citizens that are desperate, that could be viewed as illegal conduct."During the coronavirus outbreak, Balderas said his office is also seeing an increase in fraudulent behavior like phone scams, charity scams, fake health services and more. He wants to warn businesses and individuals that this behavior will not be tolerated."We can take legal action against these entities," Balderas said. "We'd rather not use a heavy hand at this point, but we want to stop this unconscionable practice in the marketplace. Nobody should be trying to make a quick buck off of people's emergencies in this time of need."Currently the attorney general is partnering with federal authorities and other AG's around the country to fight against price gouging and other virus-related scams. If anyone at home has suspicion that a company is price gouging or overstocking, you should file a complaint with the attorney general's office.For more information visit-- https://www.nmag.gov/file-a-complaint.aspx

New Mexico Attorney General Hector Balderas said several local businesses are taking advantage of people during the coronavirus outbreak by hiking up prices.

Balderas said his office has sent out 90 cease-and-desist letters to businesses in Albuquerque and rural New Mexico for price gouging and overstocking on products. He said dozens of New Mexicans are filing complaints with his office because of it. Not only are businesses overpricing on stuff like tissue paper, hand sanitizer, and other goods and services, but he said, they are also overstocking, which means they are buying more products than they need from distributors.

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"There's a fine balance between businesses trying to survive and also taking advantage of the marketplace," Balderas said. "So if these individuals are just trying to drive up the price or take advantage of citizens that are desperate, that could be viewed as illegal conduct."

During the coronavirus outbreak, Balderas said his office is also seeing an increase in fraudulent behavior like phone scams, charity scams, fake health services and more. He wants to warn businesses and individuals that this behavior will not be tolerated.

"We can take legal action against these entities," Balderas said. "We'd rather not use a heavy hand at this point, but we want to stop this unconscionable practice in the marketplace. Nobody should be trying to make a quick buck off of people's emergencies in this time of need."

Currently the attorney general is partnering with federal authorities and other AG's around the country to fight against price gouging and other virus-related scams. If anyone at home has suspicion that a company is price gouging or overstocking, you should file a complaint with the attorney general's office.

For more information visit-- https://www.nmag.gov/file-a-complaint.aspx