The Minds Behind The Hamilton Ponzi Scheme Accept Plea Deal
Historically, it’s been almost impossible to acquire tickets to Broadway success, Hamilton. So much so that it attracted the attention of some rather shady operators. Fortunately, justice has been served, Back in January, Joseph Meli and Steven Simmons were arrested for their roles in creating ticket ponzi scheme reaching an excess of over $81 million. Now, Meli has accepted a plea offer which reduces a slew of charges to just one charge of securities fraud. While that sole charge could have brought a sentence of 20 years, Meli’s sentence has been reduced to merely six and a half. While that’s definitely no picnic, given the magnitude of the ordeal, it’s a slap on the wrist compared to what could have alternatively faced. No word on what happened to Simmons following his arrest.