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 Tuesday, March 02, 2010

Four California men were charged on Monday with using sophisticated computer programs to fraudulently obtain more than a million tickets to concerts and sporting events and reselling them for a profit estimated at $29 million.

The company was able to snap up the best seats as soon as they were made available online because the programs were able to complete transactions more quickly than real humans vying for tickets manually. For example, Fishman said, Wiseguy bought nearly half the 440 available floor tickets for a Bruce Springsteen concert at Giants Stadium in 2008. In most cases, individual buyers are restricted to a maximum of four tickets.

 

(Source: AP)

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