Two men who spent £17m on tickets they resold for a staggering £26m have been ordered to pay back a huge amount of their ill gotten gains.
Peter Hunter, 53 and David Smith, 68, ran an elaborate racket, using multiple identities and computer bots to purchase tickets for major events Ed Sheeran, Harry Potter and the Cursed Child and NFL matches in London. The two traded as Ticket Wiz and BZZ, using over 290 email addresses and different IP addresses to disguise the bulk buying.
The fraudsters then sold the tickets at inflated prizes on secondary ticketing sites like Viagogo, GetMeIn, StubHub and Seatwave. During a seven year reign of touting, the two spent £17,016,585 on tickets, which they sold on for £26,391,695.
