Price Gouging Is A Crime – Here’s How To Report It
I've heard people talk about it and even call in to complain about it.
I haven't actually seen any price gouging myself just, as I said, heard some stories. I like to think that we're better than that but, weird things happen when greed sets in. Therefore, here's a reminder from Texas Attorney General Ken Paxton that, he's not having it:
“My office will work aggressively to investigate and prosecute any price-gouger who takes advantage of a disaster declaration by selling necessities at an excessive price, including retail suppliers in grocery and pharmacy chains,” said Attorney General Paxton. “No one is exempt from price gouging laws in Texas, and those who violate the Texas Deceptive Trade Practices Act will be met with the full force of the law.” - texasattorneygeneral.gov
During a declared state of disaster, such as the current COVID 19 situation, businesses and their suppliers are prohibited from making huge price jumps and the penalties are pretty stiff. Guilty parties may have to reimburse the consumer and pay a fine of 10K per violation along with an additional 250K penalty if the "victim" was elderly.