The Federal Trade Commission has sued the Maryland-based Key Investment Group for alleged violations of the Better Online Ticket Sales Act. The company is accused of using deceptive methods to bypass Ticketmaster's security measures, allowing it to purchase tickets in excess of the stipulated limits. From November 1, 2022, to December 30, 2023, the group acquired nearly 380,000 tickets worth around $57 million and resold them for about $64 million. The lawsuit targets practices that inflate ticket prices for consumers, notably involving popular events like Taylor Swift's 'Eras Tour.'
The Maryland-based ticket broker Key Investment Group is accused of violating the Better Online Ticket Sales Act by bypassing Ticketmaster's security protocols and reselling tickets at a marked-up price.
Between November 1, 2022, and December 30, 2023, Key Investment Group purchased approximately 380,000 tickets for about $57 million and later sold them for approximately $64 million.
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