Financial Ports

$9.4m fraud verdict exposes COVID glove trade chaos

CLAVE 1 / 4$9.4 million awarded to California medical supplier in fraud verdict against Wyoming broker.

CLAVE 2 / 4Jury rules Oak Sourcing & Logistics and managing member Matthew Sandvig liable for intentional misrepresentation.

CLAVE 3 / 4Dispute centred on 1.5 million boxes of nitrile gloves shipped through Port of Long Beach.

CLAVE 4 / 4Broker claimed $800 million PPE contract and hospital supply commitments never materialised.

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