Jeffrey Stalwart has just been arrested for ticket scalping outside the Great Western Forum in Los Angeles.

Question:

Jeffrey Stalwart has just been arrested for ticket scalping outside the Great Western Forum in Los Angeles. Jeffrey sold a ticket to a Taylor Swift concert to an intense fan for $1,200; the face value of the ticket was $48. Ticket scalping in Los Angeles is a misdemeanor. Will Jeffrey’s court proceedings be civil orcriminal?

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...