PPE Price-Gougers and Fraudsters Be Warned: 3M is Coming for You

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3M  (MMM) - Get Report, one of the biggest producers of respirators and personal protective gear in the world, is fighting back against price gouging and fraud.

The Saint Paul, Minn.-based company on Monday said it has launched an “aggressive legal effort” to stop profiteers who are attempting to take advantage of the demand for 3M products used by healthcare workers and first responders, including working e-commerce companies like Amazon (AMZN) - Get Report, eBay (EBAY) - Get Report, Alibaba (BABA) - Get Report and others to combat increased counterfeiting and online fraud.

Specifically, the company has established hotlines to report suspected fraud, and has created online resources to help spot price-gouging, identify authentic 3M respirators and ensure products are from 3M authorized distributors.

“3M has not, and will not, increase the prices of its respirators as a result of the pandemic,” the company said in a statement, noting it has investigated more than 7,700 fraud reports globally, filed 19 lawsuits, and has been granted nine temporary restraining orders and seven preliminary injunctions.

The company has taken action to remove more than 13,500 false or deceptive social media posts, over 11,500 fraudulent e-commerce offerings and at least 235 deceptive domain names. 3M has also been awarded damages or has received settlement payments in seven cases, with all proceeds being donated to Covid-19 related charities.

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