{"id":4737,"date":"2017-05-31T18:42:43","date_gmt":"2017-05-31T23:42:43","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4372"},"modified":"2017-05-31T18:42:43","modified_gmt":"2017-05-31T23:42:43","slug":"ny-man-charged-70m-ny-investor-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ny-man-charged-70m-ny-investor-fraud\/","title":{"rendered":"NY Man is Charged in $70M Investor Fraud"},"content":{"rendered":"

\t\t\t\tIn yet another investor fraud case<\/a> in which the alleged fraudsters touted the sale of tickets from the musical Hamilton<\/em>, Jason Nissen is charged with wire fraud in a $70M Ponzi scam<\/a>. According to prosecutors, the CEO of National Event Co. raised money by falsely claiming that he would use investors\u2019 funds to purchase and resell wholesale tickets for premier events, including the Broadway hit and the Super Bowl. <\/p>\n

Although Nissen did buy tickets with some of the money, most of the funds purportedly did not go toward ticket purchases. According to court filings, what Nissen allegedly was actually doing with the funds was paying back earlier investors. After running out of new funds this month, he purportedly admitted to two investors that he\u2019d bilked them. He also allegedly said that he\u2019d forged documents to conceal his scam. <\/p>\n

Among Nissen\u2019s alleged victims are a diamond wholesaler that lent him $32M and a private equity firm, which gave him $40M to invest. This same firm owns part of National Event Co. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In yet another investor fraud case in which the alleged fraudsters touted the sale of tickets from the musical Hamilton, Jason Nissen is charged with wire fraud in a $70M Ponzi scam. According to prosecutors, the CEO of National Event Co. raised money by falsely claiming that he would use investors\u2019 funds to purchase and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3738],"tags":[],"class_list":["post-4737","post","type-post","status-publish","format-standard","hentry","category-investor-fraud"],"yoast_head":"\nNY Man is Charged in $70M Investor Fraud — Investor Lawyers Blog — May 31, 2017<\/title>\n<meta name=\"description\" content=\"In yet another investor fraud case in which the alleged fraudsters touted the sale of tickets from the musical Hamilton, Jason Nissen is charged with wire — May 31, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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