Walmart slapped with $66k fine for overcharging for Coke

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(PIX11) -- Wal-Mart will pay $66,000 to settle claims of overcharging customers who bought Coca-Cola products in New York.

The markup was 50 cents for a 12-pack of Coke and ran afoul of state law that bars retailers from charging a price different than the one advertised, according to the New York attorney general's office, according to CNN.

Some customers say store employees told them the higher cost was for a "sugar tax." It turns out there is no such tax.

In total, Wal-Mart sold 66,000 cases of Coke to New Yorkers at the inflated price.

The retailer has agreed to pay $66,000 to settle the investigation, Schneiderman announced Tuesday.

A Wal-Mart spokesman said the company apologizes to customers and that it is enhancing procedures to help ensure proper promotional pricing in the future.

The company has since adjusted the pricing.

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