Monday, July 21, 2008

Jail Time for Scalpers?

While ticket scalping -- the practice of re-selling tickets to in-demand events at a premium -- is not uncommon, laws regulating this practice seldom amount to much beyond a cease-and-desist order, seizure, and perhaps a fine. Today, Chinese authorities have issued a warning that scalpers who re-sell tickets to the Beijing Olympics for profit would be subject to jail terms of 10-15 days. Not to be deterred, however, online re-sellers apparently are hawking hard-to-get tickets to the Opening Ceremonies for as much as $30,000!

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http://www.politicalgateway.com/news/read/160624

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