NEWARK, N.J. (AP) — Three California men who made more than $25 million reselling illegally purchased tickets to concerts and sporting events have pleaded guilty in federal court in New Jersey.
Kenneth Lowson, Kristofer Kirsch and Joel Stevenson entered their pleas Thursday in U.S. District Court in Newark. Faisal Nahdi, a fourth man charged in the scheme, remains at large.
The four ran a company called Wiseguy Tickets. Prosecutors say they developed a program to bypass security measures of online ticket distributors to buy premium tickets in bulk and resell them.
Lowson and Kirsch pleaded guilty to conspiracy to commit wire fraud. All three pleaded guilty to unauthorized computer access.
Lowson and Kirsch face maximum prison terms of five years, Stevenson a maximum term of one year.
(Copyright 2010 by The Associated Press. All Rights Reserved.)