The Federal Trade Commission has accused a group of individuals of creating fake accounts to exploit Ticketmaster's ticket sales. Between November 2022 and December 2023, they allegedly purchased 379,776 tickets for major concerts, spending nearly $57 million and reselling them for approximately $64 million. They employed sophisticated methods, such as masking IP addresses and using stolen credit cards, to generate these accounts. Their actions reportedly earned them significant profit, particularly from Taylor Swift's Eras Tour and Bruce Springsteen's concert, exceeding ticket purchase limits for both events.
Between November 1, 2022, and December 30, 2023, a group of three individuals allegedly used a network of websites to purchase over 379,776 tickets from Ticketmaster, spending $57 million. They resold those tickets for nearly $64 million.
The group utilized software to mask their IP addresses and created fake Ticketmaster accounts using stolen credit cards and SIM cards, which facilitated their fraudulent ticket purchases.
The complaint revealed that the group earned $1.2 million from reselling tickets for Taylor Swift's 2023 Eras Tour, with significant profits from dramatic over-purchases of tickets.
During a Bruce Springsteen concert, the defendants allegedly used 277 accounts to buy 1,530 tickets, exceeding the four-ticket limit, resulting in $20,900.84 in revenue after resale.
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