Others bit the $2,500-a-seat-bullet; the show, by the middle of 2016, boasted the most expensive average ticket in Broadway history. The pair also falsely claimed they had an agreement with a “Hamilton” producer for a batch of 35,000 tickets, the SEC alleged. Of the funds, $48 million was returned to investors, the authorities said, giving the illusion of income from an active business. There was never a bulk purchase of “Hamilton” tickets. Michael Bowen, Meli’s attorney, said that “the complaints filed by the federal government are not true,” the New York Times reported.

Source: Washington Post January 31, 2017 12:16 UTC