Neco OK to sell final 11,000 tickets, court rules
The bankrupt ticket brokerage, whose founder, Jason Nissen, is accused of funnelling $120m through a ponzi scheme, has been given the go-ahead to sell its remaining stock
News By IQ | 19 July 2017
Defunct ticket resale operation National Event Company (Neco) has been granted permission to sell its remaining inventory of approximately 11,000 tickets, after successfully arguing in a New York bankruptcy court the tickets would otherwise become worthless.
Neco filed for bankruptcy last month after bank accounts and other assets belonging to its founder, former maths teacher Jason Nissen, were seized by sheriffs in connection with an alleged US$120 million ponzi scheme.
In a court filing yesterday, judge James L. Garrity, of the bankruptcy…
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