The National Event Ticket Company has filed for bankruptcy protection, days after CEO Jason Nissen was hit with fraud charges for his role in an alleged Ponzi scheme, TicketNews has learned.
Twitter user @Don Shano appears to have caught this filling first, posting a screenshot from Inforuptcy.com on Monday evening showing four filings in New York’s Southern district that appear related to the New York-based company.
All filed on June 5th, the Chapter 11 filings include:
- National Event Company III, LLC
- National Events Holdings, LLC
- National Events Intermediate, LLC
- National Event Company II, LLC
An email forwarded to TicketNews from a source appeared to verify that NECO has indeed filed for bankruptcy protection, but calls to confirm this to contact numbers listed went unanswered on Tuesday afternoon.
Shortly after the charges against Nissen were announced, the company’s website and social media presences went offline, and phones at their business offices stopped being answered. On Monday, the company’s membership in the National Association of Ticket Brokers was formally suspended, pending a full investigation.
It is unclear whether or not this filing will effect outstanding orders in the market for upcoming events. We will update this developing story as more information becomes available.