Colvin donates stockpiled sanitizer while TN's Attorney General investigates

WRCB ^ | March 15, 2020 | Hunter Hoagland

[Morgana]

This is an update to the story that has been posted here about as many times as this many bought hand sanitizers.

Maybe he learned a lesson but somehow I doubt it. Either way it got back to the community free of charge.

[DEPcom]

I was wondering what laws did he break?

[lee martell]

Might as well get rid of the merchandise asap. They are too well known right now for the wrong reasons.
This may pass as a ‘humanitarian act’, enough to slow the death threats down a bit.
Sometimes, it doesn’t pay to ‘corner the market’.
You may become a Villain.

[Morgana]

price gouging in time of emergency

[old-ager]

> price gouging in time of emergency

Preserves supply, reduces waste, provides choice.

[DEPcom]

"The price gouging law makes it unlawful to charge a price that is grossly in excess of the price charged prior to the emergency."

Was the person selling at a unreasonable price after the emergency was declare?

If Amazon or Ebay shut him down before the emergency was declared then he would not broken this law.

Does an emergency outside of the country count when it comes to this law? He was selling when China had an emergency.

Tennessee law

[Ken H]

They need to throw the book at price gougers!

[Morgana]

He already is a villain. He’s had to leave his home over threats. I really don’t think he thought this through.

I’ve seen some video since this story broke and really he’s a dick.

[robel]

It didn’t help that he first wiped out the inventory in the area around him, and then jacked up his price.

[Morgana]

you know he has to live with those people too.

[hinckley buzzard]

Not a game for amateurs. Even the Hunt brothers couldn’t corner the silver market. Lessons learned, presumably.

[Conserv]

What possessed the idiots to let the NYT do a story about their hoarding/plan to gouge.

[babble-on]

Can’t imagine any laws broken. Did he really think this was going to be worth it though?

[Whatever Works]

I thought they got governmentally confiscated? Read that elsewhere.

[Pearls Before Swine]

If he’d just market them up 25% or so... He’d have made a decent profit and provided an e-storefront with a lot of sanitizer available in one place.

But he tried to pull a Martin Shkreli and corner a scarce resource in a time of need.

Amazon came down on him because allowing him to continue would make Amazon look bad.

[Morgana]

I agree but he got very greedy. Plus to clean out all of it? Come on leave some for the rest of us.

[Morgana]

I’ve scanned several news reports and all are saying he donated it to a Church.

[LukeL]

Heck even clearing $1-2 per bottle would be an amazing profit.

[RitaOK]

We knew this was coming.

Making a profit from hoarding and for retail price gouging in-a-crisis is never a case for “Supply and Demand”, but rather one of extreme Profiteering, ripping off the vulnerable.

What a carpet bagger this jerk was.

[Balding_Eagle]

Meanwhile, Denver doubles and triples the price of driving in the Express Lane every day.

They only do it during times of shortages in the other lanes.