Ex-Math Teacher Gets Two Years for $71 Million Ticket Scam
- Jason Nissen admitted to running ticket-resale Ponzi scheme
- Case is part of crackdown on misdeeds in $15 billion industry
Photographer: John Moore/Getty Images
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A former math teacher was sentenced to more than two years in prison for fleecing investors of $71 million through a Ponzi scheme disguised as an operation to buy and sell tickets to high-profile concerts, musicals and sporting events.
Jason Nissen, 47, got money from investors he said would be used to purchase and resell tickets to popular events -- such as the Super Bowl and the hit Broadway musical “Hamilton” -- and instead used it to repay earlier investors, according to prosecutors. He pleaded guilty to a single count of wire fraud in March 2018.