From Rolling Stone · Nancy Dillon · · 40s
Broker Accused of Illegally Buying 18.5 Million Tickets
Federal prosecutors accuse REPS & Co of illegally purchasing 18.5 million tickets to Beyoncé, Post Malone, and Pitbull concerts.
In brief
Federal prosecutors accuse REPS & Co of illegally purchasing 18.5 million tickets to Beyoncé, Post Malone, and Pitbull concerts. REPS & Co allegedly bought 18.5 million tickets to high-demand events using bots, reselling them for $120.8 million profit. Originally reported by Rolling Stone.
Federal Prosecution
Federal prosecutors accuse REPS & Co of using bots to illegally buy 18.5 million tickets to Beyoncé, Post Malone, and Pitbull concerts.
Ticket Purchase Scale
REPS bought 18.5 million tickets across 83,000 events, shelling out $1.3 billion and making $120.8 million in profits.
Profit Example
For one Beyoncé concert, REPS used 1,300 accounts to buy 7,624 tickets, making $833,323 profit.
What to remember
REPS & Co allegedly bought 18.5 million tickets to high-demand events using bots, reselling them for $120.8 million profit.
