A man who hoarded 18,000 bottles of sanitizer has donated the entire stash. Half the bottles went to a local church, and the rest will go to stores to help them restock their shelves.
PROFITING FROM A CRISIS
Matt Colvin of Hixson, Tennessee, achieved notoriety recently when he and his brother scooped up more than 17,000 bottles of hand sanitizer. The brothers, who buy items to sell online, saw a profit motive in the coming coronavirus pandemic.
They traveled all over the state to load up on the sanitizer as soon as news of the virus hit.
They later placed 300 bottles for sale in their online store at prices ranging from $8 to $70 a bottle. The bottles sold instantly.
Unfortunately for them, the brothers didn’t count on the backlash they would get for hoarding sanitizer during a global medical crisis.
As the Chicago Tribune reported, “The donations capped a tumultuous 24 hours for Colvin. On Saturday morning, the New York Times published an article about how he and his brother cleaned out stores of sanitizer and wipes in an attempt to profit off the public’s panic over the coronavirus pandemic. Colvin sold 300 bottles of hand sanitizer at a markup on Amazon before the company removed his listings and warned sellers they would be suspended for price gouging.”
DOING THE RIGHT THING
Colvin makes his living selling goods on Amazon, so the suspension hurts him where it counts. In addition, he said, he received hate mail, death threats and a cease-and-desist letter from the Tennessee attorney general’s office.
It sounds like a lot of people weren’t too happy with his actions.
At least he’s decided to do the right thing now.
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