LOS ANGELES (AP) — StubHub, the ticket reselling subsidiary of eBay Inc., is launching its StubHub Music app nationwide as it goes after core music fans in a challenge to Live Nation in the concert business.
On July 23, law enforcement officials arrested seven suspects, from Russia to New York, after they allegedly hacked into more than 1,000 StubHub accounts and placed orders for over 1.6 million tickets.
Six individuals have been indicted in connection to a fraudulent scam that involved hacking into more than 1,600 StubHub accounts and purchasing electronic tickets to high-profile events, using the victims credit card. The fraud has been estimated to $1 million / 743,000, and the profit from selling the stolen tickets was then laundered mainly through […]
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