Spearheading Reforms in the Ticket Industry
As part of an ongoing investigation into ticket reselling, the Attorney General sent letters to StubHub, Ticketmaster, Vivid Seats, and TicketNetwork urging them to adopt more consumer friendly practices. He called on the companies to do more to curb the use of illegal "bots" and take steps to discourage speculative ticket sales, as well as other measures. Read the CNN Money article here.
Art Collectors Failing to Pay Taxes
The Attorney General reached a settlement with NYC art collector Aby Rosen for failing to pay sales and use taxes on $80 million worth of artwork he bought or commissioned since 2002. Rosen will pay $7 million following the Attorney General’s investigation into the use of resale certificates. Read the NYT story on it here.
His office also reached an agreement with art sales executive Victoria Gelfand for failing to pay New York sales and use tax on more than 30 works of art purchased by her companies. Her companies will pay $210,000 in both sales and use tax to New York State.
Recovering Funds for New York
A joint settlement was announced with the federal government and a coalition of states and the Olympus Corporation of America for paying illegal kickbacks to healthcare providers. Olympus will pay $306 million, with the New York Medicaid Program receiving over $7.7 million in damages. Read the Times Union piece here.
Tracking Data Breaches Across New York
The Attorney General’s office reported an over 40% increase in data breach notifications involving New Yorkers this year in comparison to 2015. His office has now provided companies with the ability to file notice electronically via this web submission form to meet the increased volume and provide efficiency in reporting. Read the Crain’s New York Business article here.
