Ticket Brokers Agree to Pay Millions in Scalping Settlements - News Summed Up

Ticket Brokers Agree to Pay Millions in Scalping Settlements


Federal officials announced on Friday that three New York ticket brokers have agreed to pay $3.7 million in civil penalties to settle allegations that they bought tens of thousands of event tickets and resold them to customers at inflated prices. The companies — Just in Time Tickets, Concert Specials, and Cartisim Corp., all of Long Island — were accused of violating the Better Online Ticket Sales Act, which is designed to prevent brokers from evading ticket-purchasing limits set by online ticket sellers like Ticketmaster. It also prevents the resale of tickets obtained by knowingly engaging in such practices. The settlements are the first enforcement actions that the Department of Justice and the Federal Trade Commission have brought under the law enacted in 2016. “This Office will spare no effort in prohibiting deceptive practices that harm consumers.”


Source: International New York Times January 22, 2021 21:08 UTC



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