Chicago, IL-based FirstDIBZ was founded in 2001, and according to its Web site “is dedicated to providing consumers with access to the biggest and most prestigious live events.”
The company provides ticket “forward markets,” which allow users to buy and sell rights to tickets for future events. Through the purchase of DIBZ, a fan can guarantee themselves a seat at an event, such as the Super Bowl or World Series, if a team they choose makes it to the playoffs/championship. DIBZ sell for varying amounts, depending on the team and their likelihood for making the playoffs/championship.
Users can trade the DIBZ in real-time, 24/7, on in a FirstDIBZ marketplace. The company, previously known as TicketReserve, was a pioneer in the Pre-Primary, Forward or Futures market for tickets, and other companies offer similar programs. Fans use the site to lock in rights to their favorite teams, and ticket brokers use it to hedge their bets to make sure they’ll have tickets for certain high-profile events.
The company ran into controversy in early 2009 when a couple of fraudulent sellers allegedly sold hundreds of DIBZ for the Super Bowl, for which they didn’t have tickets. The case, which was ongoing at the time this profile was written, resulted in FirstDIBZ having to refund money to hundreds of swindled customers.
The Ticket Reserve, Inc. (TTR), the parent company of ticket options seller FirstDIBZ, has reached a settlement with 752 members of a class action lawsuit over the massive fraud over Super Bowl tickets that felled the company more than two years ago. TTR has agreed to pay a total...
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The Ticket Reserve, Inc., which operates the ticket futures business FirstDIBZ, successfully won a dismissal in a U.S. District Court of most of the allegations in a class action lawsuit lodged by angry customers who claimed the company defrauded them out of thousands of dollars following a massive scam....
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Ticket “forward market” facilitator FirstDIBZ is effectively non-operational these days, as the beleaguered company prepares for possible settlement talks to begin compensating customers who have waited months to access their money. The Chicago-based company, which managed online marketplaces where sports fans bought and sold options on event tickets, was...
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Months after the company was brought to its knees by a massive case of fraud, FirstDIBZ remains “in transition” and dozens, if not hundreds, of customers have not been able to withdraw money from their marketplace accounts. The company, which bills itself as a ticket forward market, is on...
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FirstDIBZ, the forward market ticket company, lost one of its special advisors and directors last weekend with the passing of former politician and professional football star Jack Kemp. Kemp was Bob Dole’s Vice Presidential running mate in 1996, and he joined FirstDIBZ several years ago when the Chicago-based company...
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In a class action lawsuit filed by eight disgruntled customers, forward ticket Web site FirstDIBZ is accused of allegedly reneging on thousands of dollars worth of “DIBZ” payments surrounding tickets for the recently completed NFL playoffs and Super Bowl. The alleged payments were the subject of the massive scam...
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Already shaken by what turned into a massive scam over Super Bowl commitments, ticket forward market company FirstDIBZ now finds itself seeking to “recapitalize” over the next 45 days to complete its refund obligations. The company sent out two emails this week apologizing for delays in allowing users to...
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Ticket forward market company FirstDIBZ will pay hundreds of aggrieved customers reparations that will reach a combined total in the millions of dollars, in an effort to help assuage the customers who fell victim to a recent “DIBZ” Super Bowl selling scam. Company CEO Rick Harmon told TicketNews Thursday...
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“Heaven has no rage like love to hatred turned, Nor hell a fury like a football fan scorned.” With apologies to the late playwright William Congreve, ticket futures market Web site FirstDIBZ is finding itself on the tail end of some fury being unleashed by irate NFL football fans...
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Futures market ticket company FirstDIBZ was forced to cancel 250 of its Super Bowl “dibz” orders this week after two rogue sellers allegedly scammed the system, TicketNews has learned. The Chicago-based company has sent out emails to disgruntled customers apologizing that their orders cannot be filled because of the...
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