Russian ticket thief Vadim Polyakov was sentenced today for his role as the ringleader of a group of online thieves. Polyakov and his group were found guilty Wednesday on counts of money laundering and possession of stolen property, after they were busted for hacking into 1,000 StubHub accounts. The group would use their victim’s credit card information to purchase tickets to in-demand concerts, Broadway shows, and sporting events, after which they would re-sell the tickets at a much higher mark-up value.
After profiting more than $1 Million, the group was taken down last year after StubHub started to notice the irregularities in their system, after which all customers were refunded and the authorities were contacted.
As the fight against scalpers heats up, it’s nice to know that justice is out there for the average concertgoer.
[Via Pollstar]