CNBC’s Jenny Schlesinger turned to BBB and other experts for her report on summer concert ticket scams.
“As musicians release summer concert and entertainment tour schedules, fraudsters are gearing up to get a financial piece of the action.
“Every year, nearly 5 million consumers receive fraudulent concert, sporting event and theme park tickets, costing the music industry more than $4 million a month in losses, according to AARP, which tracks consumer alert information for their members.
“Two common scams involve consumers paying for tickets and not receiving them, and paying for tickets but receiving fake ones…Crooks also take advantage of the fact more concert venues allow ticket holders to print tickets from personal computers… this option [allows scammers to] sell the same ticket over and over to unsuspecting consumers. The first fan to arrive at the concert will get in, but the rest, who thought that had purchased legitimate tickets, will be left out. Most tickets have a unique barcode that only allows one admission.
“The Better Business Bureau offers some tips for avoiding ticket scam. For example, the fraudulent seller usually offers a sad tale as to why they cannot use the tickets; the seller will only accept cash, wire transfer or a prepaid money transfer and the seller pressures victims to act quickly.”