FTC, Ticketmaster
Digest more
The lawsuit is part of a crackdown President Trump announced in March focused on curbing exploitative ticket reselling practices that raise costs for fans.
The FTC has sued Key Investment Group for allegedly circumventing Ticketmaster controls to purchase and resell over 2,000 tickets for Taylor Swift's 'The Eras Tour' at massive profits.
The FTC lawsuit claims the reseller used fake accounts and banks of SIM cards to snag over 379K tickets from Ticketmaster in just over a year.
The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift's Eras tour and resell them at a markup,
The agency sued Maryland-based Key Investment Group, alleging that the company violated the BOTS Act to obtain thousands of Eras Tour tickets and resell them for millions of dollars.