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Ticketmaster and others hacked for profit
Written by Chris Johnson   
Tuesday, 02 March 2010 06:58
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In a 43 count indictment , the FBI contends that four people from California hacked and used other techniques  to circumvent security measures designed to level the playing field for ticket buyers (and sometimes annoy them).

The press release says that Kenneth Lowson, 40, Kristofer Kirsch, 37, and Faisal Nahdi, 36, all of Los Angeles, and Joel Stevenson, 37, of Alameda, Calif. Used a botnet and other means to purchase tickets at retail prices from Ticketmaster.com, tickets.com, mlb.com, musictoday and other sites and then resold them to ticket-brokers for a profit of $25 Million dollars over a few years. The ticket brokers would then raise the prices of the now hard-to-find tickets and milk customers who might have, but now cannot go to Ticketmaster to buy tickets because they are sold out.

Defendants Lowson, Kirsch, and Stevenson surrendered this morning at FBI headquarters in Newark and are expected to appear before U.S. Magistrate Judge Michael Shipp at 2:00 p.m. in Newark. Defendant Nahdi, who is not currently in the United States, is expected to surrender to authorities in the coming weeks. All of the defendants will be arraigned in the coming weeks before the U.S. District Court Judge Katharine S. Hayden, to whom the case has been assigned.

Read the full complaint here

 

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