to the nation s post covid recovery strategy. mr modi made the announcement during independence day celebrations in delhi. the uk s competition watchdog has said ticket resale firms such as viagogo and stubhub should face tighter rules. the competition and markets authority said current laws meant it was not possible to act swiftly and effectively against touts. another problem came from resellers who speculatively sold tickets they did not own, the regulator said. singapore s health ministry says it will order facebook to correct what it said are false claims relating to the coronavirus pandemic. a user named eileen loh wrote that a three year old child had died of covid 19 in the city state. she also wrote that the delta plus variant was now present in singapore. the ministry said both claims were false. now to africa where it s
FTC Fines Ticket Brokers $3.7 Million in Scalping Settlement
Photo: Ishara S. Kodikara (Getty Images)
Federal authorities have brought their first-ever case under a 2016 anti-bot law to crack down on ticket scalpers. Three New York-based ticket brokers were ordered to pay $3.7 million in fines after allegedly making millions of dollars through bot-powered ticket reselling schemes, the Federal Trade Commission announced Friday.
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The companies Cartisim Corp., owned by Simon Ebrani; Just In Time Tickets, owned by Evan Kohanian; and Concert Specials, owned by Steven Ebrani are accused of scooping up more than 150,000 tickets from Ticketmaster to resell at a premium. In total, the three earned a whopping $26.1 million in estimated revenue, according to the complaints. The FTC says they allegedly used automated ticket-buying software, tools to hide their IP addresses, and an army of hundreds of fake accounts and credit cards among other methods to circumvent Ticketmaster�
it s corporate seats, blocks of tickets given to corporate sponsors and not given out. not available for you and me and other people to buy online or directly but if the tickets aren t given out, the seats are empty. okay. that is so not cool for those of us who would give anything to be there. what about if they have an investigation, tracy, and they find it to be the case, does someone get penalized? is there a problem with this? reporter: well, what they re doing now, i mean, they haven t really talked so much about penalizing the companies that haven t given out the tickets. what they want them to do is give the tickets back which may sound strange but they have actually had a big ticket resale effort going on here. they have a whole website for ticket resale so that when people aren t going to use the tickets for some reason, they can put them back in the system and make them available and now a big push out to say if you have the tickets, if you re not using the tickets, give