Former Joan Jett publicist turned ticket broker fails to pay back $150K

Case involves a loan to buy Paul McCartney tickets
(PR NewsChannel) / July 10, 2013 / CHICAGO 
Photo courtesy Chicago Tribune

Concert tickets for Paul McCartney’s Chicago show at Wrigley Field is at the center of the lawsuit. (Photo courtesy Chicago Tribune)

Tired of sounding like broken record, Lloyd Gillman decided to go to court to recoup nearly $45,000 a ticket broker owed to him.

Tracy Monti traded on her connections as the one-time publicist for rock icon Joan Jett to secure tickets and sell them at a profit of 400-percent. But she needed capital.

According to a complaint, Gillman, a one-time client, agreed to loan Monti $43,750 to buy Paul McCartney tickets for a concert at Wrigley Field. The deal was he’d get repaid, plus earn double-digit interest.

Things didn’t go as planned.  

According to the complaint “Monti orally offered to repay to Gillman all money loaned by Gillman for the tickets within thirty days of the concerts, because, Monti said, that she expected to sell the Paul McCartney tickets at a 300 to 400 hundred percent profit. Monti offered to pay 25 percent interest on the funds.”

But the complaint says the $43,750—nor any interest—was ever repaid.

After Gillman filed suit, court records show the two parties agreed to settle.

The unusual deal required Monti to return the original $43,750 to Gillman by July 5, 2012, and then deliver various concert tickets, including: 20 VIP tickets for Lollapalooza, 40 tickets to Bruce Springsteen, 20 tickets for Madonna, and either four tickets for Barbara Streisand or 20 tickets for Justin Bieber.

The settlement also said that if “Monti fails to perform any of the above obligations, then Gillman shall be entitled to obtain a judgment against Monti in the amount of $150,000.”

Monti failed to deliver and now owes Gillman.

“Unfortunately, Ms. Monti has not done any of the things she promised to do either originally or as part of the settlement,” Adrian Vuckovich, Gillman’s attorney said in a letter sent to Courthouse News. “It appears that settlement agreement and these latest unfulfilled promises are part of the same old story.”

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SOURCE:  Consumer Awareness Society

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