New York's attorney general says investigators found practices and abuses in sales of concert and sports tickets that prevent consumers from buying tickets at affordable prices or sometimes even getting them at all.
Attorney General Eric Schneiderman says his office has also reached settlements with two ticket brokers operating without a reseller license.
The settlements with MSMSS LLC and Extra Base Tickets LLC require them to pay $80,000 and $65,000, respectively, and require the companies and their principals maintain a license.
The attorney general's investigation prompted by consumer complaints found that 54 percent of tickets are reserved for various industry insiders such as the venues, artists and promoters or reserved for "pre-sale" events or private groups.
Investigators say Ticketmaster and other sellers regularly tacked on fees that added more than 21 percent to the face value.
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