Poker Hall of Fame members Erik Seidel and John Juanda, and professional poker player Zachary Clark lost a combined $1,300,000 in a Super Bowl ticket scam run by Seyed Reza Ali Fazeli, according to court documents ($), as first reported by Cardplayer.com.

The Super Bowl Ticket Scam
Seidel and Juanda, who have won $58,129,188 and 13 World Series of Poker bracelets between them, along with Zach, handed over a total of $1.3 million to Fazeli and his company, Summit Entertainment Group, believing Fazeli was going to use the funds to purchase tickets to the 2017 NFL Super Bowl. Zach and Seidel both invested $500,000, Juanda was in for $300,000.

Fazeli was meant to then sell the tickets through his website onlinetickets.com at a substantial profit and distribute those profits to the three poker pros. Fazeli was going to use $10 million to purchase 2,800 tickets to the 2017 Super Bowl and return the players’ investments plus profits according to promissory notes Fazeli gave the players. Fazeli, however, never purchased the tickets. Documents from the federal court in California state that some of the money Fazeli took from investors was used to pay off other debts and fund entries to high stakes poker

From Poker News - Story here - https://www.pokernews.com/news/2018/...t=pn-hp-hero-3

Idiots. Investing hundreds of thousands on this kind of nonsense.

I like seidel and juanda but screw anyone that partake in secondary ticket market.

it's been a decade since you could actually go to an event for the ticket price

They didn't partake in a secondary ticket market.

Scammers got scammed. How about giving people a chance to buy tickets at the fair price?

Wp

lmao that took me a second

Why so insulting? Did Eric not say hi to your wife?

Well at least you are consistent. defending PSU mike's scamming on the other thread and victim blaming the scammed parties here

maybe your wife ( say " " from me by the way) could come up with another great idea, this time to rehabilitate Fazeli

Hi welcome to 2+2

Nice first post!

Ha create a fake account to troll. Coolness!!

Are you dumb or do you just pretend to be? My wife had a great idea for Mike to do. Dr. Phil and his show would pay for an intensive rehab for gambling for Mike. It's what he needs. He certainly couldn't pay for it himself. And for the millionth time I am not defending at all what he does to get money. I have said though that this kind of lame scam is minor and there are far worse characters in this community that do not receive nearly the type of scrutiny that Mike gets.

I played a cash game at Foxwoods Saturday night and at my table was a guy who I know did time in jail for beating on his wife at least 3 different times. A buddy of mine told me. But there he was yucking it up at the table and having a grand ol' time. Hitting women is the lowest of lows in my book so excuse me if I don't go crazy like some of you weirdos on here for a degen gambler giving stupid sob stories for money at an airport. Let me save my anger for wife beaters.

just pretending, is it working then?

i thought you had given up this questionable line of reasoning when you were owned by Monteroy on the other thread:

Some of us have the mental dexterity to disapprove of both scamming AND wife beating.

We will have to disagree about your definition of a "great idea". I do like that you stick up for wives though. both from being beaten and ignored

But the question remains...is it worse to beat someone's wife, or ignore her and not say hi as you pass by her???

is it even legal to buy tickets with intention of selling them at higher price in US? Pretty sure its not in the .EU

Not illegal in Canada as far as I know, I have a friend that does it for a living, unethical most likely tho

If it wasn't they probably wouldn't have gone to court over it. They're still total scum regardless of legality though.

There's no federal law that would make scalping tickets illegal. Some states, however, have individual laws that put restrictions on the selling of tickets above face value on the secondary market.

Can anyone please explain the joke? I dont get It.

The people who are against inflated ticket prices on the secondary market are basically saying "**** economics man, we can't even afford to go to the shows we like anymore"


The prices would not be as high as they are if there wasn't a market for it.

You should look at it as though the original ticket vendors are underpricing their tickets.

What you should really be mad about are the bots that buy up tickets in 2.5 seconds, leaving the normal people with nothing.

It must suck for guys like Seidel and Juanda to give their money to a company based on the word of someone they thought was trustworthy and trust that it would be kept safe and later finding out it wasn't.

I see what you did. Yeah that might make some people tilt maybe even go full tilt.

Which EU country and law are you thinking about?

AFAIK, in the majority of EU countries, the contrary is true. Private persons are allowed to resell their tickets, even if the T&C of said ticket state otherwise. It's more complicated for commercial resellers, but them reselling tickets is still not violating any law but just the T&C. So the ticket issuer has the right to stop them from reselling and also potentially has a civil case against a commercial reseller.

Lots of people mistakenly think that reselling a ticket to a concert or a sporting event way over face value is "price gouging" or "profiteering" and therefore illegal. But at least in most jurisdictions, you need some kind of predicament for that to violate a law. Selling a gallon of milk for $100 after an earthquake is illegal profiteering, selling a $50 face value ticket to see Lady Gaga for $500 is not.

(disclaimer: IANAL but have consulted for a business in the secondary market for event tickets in the EU).

There were no tickets, so they weren't involved in the business of reselling them.

In the current EU countries of England and Wales there is law regarding touting football (soccer) tickets:

https://www.inbrief.co.uk/football-l...-and-football/

Only case I’m aware of in EU