If you’re thinking about stockpiling critical household supplies (hand sanitizer, antibacterial wipes, toilet paper, etc.) and selling them for a profit during the current COVID-19 hysteria, think again.
Two greedy male heathens from the U.S. state of Tennessee have gotten themselves into hot water for just that. Matt Colvin (pictured) and his younger brother Noah Colvin are currently under investigation by the Tennessee Attorney General’s Office for their attempt to take advantage of consumers; at a time when the U.S. economy is already very fragile.
Matt Colvin, 36, actually did an interview with the New York Times where he gloated about the caper he and his brother Noah, 21, pulled off. As soon as the first COVID-19-related death hit their home state of Tennessee on March 1, the two brothers drove all around small cities in Tennessee, as well as Kentucky.
The Colvin brothers went on a ravenous, two-state shopping spree to buy up as much hand sanitizer, antibacterial wipes, toilet paper (and other essential items) as they possibly could. The two brothers have run their own legal resale operation via Amazon and eBay for the last five years.
However, the current COVID-19 scare drove the two of them directly to greed.
According to Market Watch, the Colvins had their Amazon and eBay accounts permanently suspended as the two online retail giants recently conducted crackdowns on price-gouging. Matt, the elder brother, brought this on himself by conducting news interviews, which inflamed public backlash on social media over what he was doing.
The last thing anyone who is trying to be slick wants to do is draw attention to themselves.
The Colvins were buying $1 to $5 dollar items at retail price in massive amounts and selling those items easily at a price of anywhere between $70 to $100 dollars, reports said. They had a stockpile of hand sanitizer alone that numbered close to 20,000 bottles. The Colvin brothers certainly brought in money literally by the truckloads with their scheme.
But when Tennessee Attorney General Herbert H. Slatery III got wind of the Colvin operation, the party was definitely over.
Slatery recently sent a letter to the Colvin brothers ordering them to stop buying and selling critical items. He also told them his office had launched an investigation on them for price-gouging. Slatery also said that if they continued to stockpile items, they would be prosecuted. He also ordered them to donate their stockpiled items to charity, or else.
“We will not tolerate price gouging in this time of exceptional need, and we will take aggressive action to stop it,” Slatery said in a statement, according to WBIR Channel 10 News in Knoxville, Tennessee.
Iconic American actor Michael Douglass once said “greed is good” when he played the notorious Gordon Gekko in the 1987 film Wall Street. In the case of Matt and Noah Colvin, greed was not so good. You can access and sign a petition, which calls for prosecuting these two gluttonous goons right here.
Thanks to a tough state Attorney General, the good guys for humanity have scored a win; at least in this case.