#FTC Fines Three New York Ticket Resellers $3.7 Million in First Case Brought Under Obama Anti-Scalping Legislation
“#FTC Fines Three New York Ticket Resellers $3.7 Million in First Case Brought Under Obama Anti-Scalping Legislation”
“The three ticket brokers will be subject to a judgment of more than $31 million in civil penalties for violating the Better Online Ticket Sales (BOTS) Act, under a proposed settlement reached with the FTC,” reads the case summary. “Due to their inability to pay, the judgment will be partially suspended, requiring them to pay $3.7 million.”
“The Act’s bipartisan sponsors sought to crack down on the abuses that unscrupulous actors inflict on consumers whose typing fingers were no match for algorithms in attempting to secure tickets online,” reads a statement from FTC Acting Chairwoman Rebecca Kelly Slaughter, who worked on the BOTS Act during her time working under Senator Chuck Schumer. “The settlements our staff negotiated with these alleged BOTS Act violators make clear that serious consequences will befall those who cheat fans out of a fair shot to secure tickets to live events.”
Read “Why Ticket Scalping Won’t Go Away” over on the Pitch.
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