The novel coronavirus outbreak has caused people to panic-buy items like toilet paper, Lysol wipes and hand sanitizer — and one man saw this as an opportunity for major profit.
Matt Colvin, who purchased 18,000 bottles of sanitizer and tried to sell them online for US$70 a pop, is now under investigation by Tennessee’s attorney general.
“At the end of the day, we have nothing to hide,” Colvin told NBC affiliate WSAV3.
The Colvins received a cease-and-desist order stating that the attorney general’s office had reason to believe they were charging unreasonable prices for sanitizer, masks and other essentials.
Colvin and his brother have said they’ll be donating the products now, but the office says this doesn’t mean legal proceedings won’t occur.
“If evidence establishes they engaged in price-gouging, we will seek appropriate penalties,” Samantha Fisher of the attorney general’s office told the broadcast station.
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