When Is It Time to Stop Buying Jerseys From JC Penney?
Posted On August 1, 2021
The sale of jerseys is a very lucrative business for the JCPenney Group, which operates more than 100 stores across the country.
While the majority of sales are made at home, some customers are able to purchase a jersey at the store and then go to a sporting event in the store to collect their jersey, according to The Wrap.
Jerseys can be purchased for a small fee, and some customers pay over $2,000 to collect.
When you consider the amount of money you can make selling jerseys, it’s not surprising to see some of the sales coming from JC Penneys.
One of the company’s top salesmen, Jason Cohen, is currently under investigation by federal prosecutors.
The Wrap reports that the investigation comes after a $2.6 million civil lawsuit filed by the U.S. Attorney’s Office in New York.
The lawsuit alleges that Cohen sold thousands of jerseys that were marked with a fake number and that he failed to report the sale of the merchandise.
Cohen has since been placed on paid administrative leave, according a statement from the office.
This is not the first time that a JCPensons store has been investigated by federal authorities.
In August, an investigation was opened into the sale and possession of jerseys from a different store.
This investigation led to the store’s being fined and the store being cited for violating federal regulations.