MSG Execs Caught in Ticket Scalping Scandal

Several Madison Square Garden employees have been terminated following an investigation that revealed they were taking tickets to events and reselling them for profit.

Madisonsquaregarden

According to the New York Post, about a half dozen sales executives were caught reselling tickets to Knicks games on the after-market ticket site StubHub. The internal investigation uncovered a scheme where the employees would buy the lowest priced tickets, often those the teams would reserve for group sales, and sell them at a higher price online. The purchase of tickets by MSG employees is restricted by company policy. Employees must have written permission to purchase tickets. However, because the sales team has direct access to the tickets, their process is different.

This is not the first time MSG employees have been caught in a ticket scalping scam. In 1996, then-CEO Checketts terminated five ticket office employees for reselling tickets following a six-month investigation.

PIX11 also reported that the New York Attorney General’s office has accused MSG sales executives and a senior executive of illegally assisting ticket brokers with acquiring tickets for popular events to sell at huge profits. The Attorney General has said that oftentimes the tickets are given to the online ticket brokers before they’re even made available for public purchase.

This comes around the time the Attorney General released a report from a three-year investigation into the concert ticketing industry, as we previously reported.

Thankfully, websites like cashortrade.org are building a community of people who are only willing to buy and sell tickets at face value, bucking the trend of screwing fans out of money to see their favorite musicians perform.