World · North America · 2 hrs ago

US Sues Ticket Broker Over Alleged Illegal Resales of 18.5 Million Tickets

US Sues Ticket Broker Over Alleged Illegal Resales of 18.5 Million Tickets

The Justice Department has sued San Diego-based REPS & Co, accusing the entertainment company of illegally buying tickets and reselling them for profit.

Prosecutors say the company used bots and other methods to get around purchase limits for at least 83,000 events.

The lawsuit alleges REPS spent more than $1.3 billion on 18.5 million tickets to concerts, shows and sporting events, then made at least $120.8 million in profit reselling them.

For one Beyoncé Renaissance tour concert in California, the company allegedly used at least 1,300 accounts to buy 7,624 tickets, despite a limit of four to eight per purchase.

Prosecutors say the resale of those tickets brought in about $833,323, illustrating how large-scale ticket resales can drive up costs for eventgoers.

The case is part of enforcement of the BOTS Act, which bans using technology to evade ticket limits, and the Justice Department says it will continue working with the FTC to enforce the law.

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What people are saying

Christopher MufarrigeFTC Bureau of Consumer Protection director
REPS’ entire business model is focused on trying to game the ticket-purchasing system in order to obtain as many tickets as possible to resell at inflated prices to consumers.
via Hollywood Reporter
Brett A. ShumateAssistant U.S. Attorney General
The Justice Department is committed to holding accountable individuals and businesses that drive up the cost of event tickets by illegally exceeding ticket purchase limits and reselling those unlawfully obtained tickets with exorbitant markups
via Rolling Stone