Daymond John is denying a Miami Herald report that he offered to sell 1 million coronavirus-blocking N95 masks to Florida for $7 million — a markup of more than 300 percent. A state official said the Shark Tank entrepreneur told him he had "connections with factories in China." But John claims he was simply "serving as an intermediary," and that he established an escrow account to protect the state against fraud. The deal fell apart last week, and is now one of many cases being scrutinized by mask manufacturer 3M in an effort to prevent price gouging.
Read OZY's feature about a Shark Tank success.