Industry News

StubHub fraud ringleader sentenced in New York

The ringleader of a group that was responsible for more than $1m (€900,000) of fraudulent transactions via StubHub has been sentenced to up to 12 years in prison.

Vadim Polyakov, a Russian national, pleaded guilty to money laundering and possessing stolen property. He was sentenced in New York on Wednesday.

Prosecutors said Polyakov led a gang of cybercriminals who accessed more than 1,000 StubHub accounts and used credit card information to buy tickets to Broadway shows, sports events and concerts. The group then resold the tickets and pocketed the money.

Posted in Industry News