The Federal Trade Commission filed a lawsuit against Key Investment Group, accusing the company of using illegal methods to circumvent ticket purchase limits for popular events. The broker allegedly created fictitious Ticketmaster accounts to purchase over 379,776 tickets, predominantly for Taylor Swift's Eras Tour, spending nearly $57 million. Resold tickets generated about $64 million in revenue. Key Investment Group claims the lawsuit could undermine the secondary ticket market, asserting compliance with the Better Online Ticket Sales Act and contending it employs human purchasers rather than bots to acquire tickets.
The U.S. Federal Trade Commission filed a lawsuit against the Maryland-based ticket broker Key Investment Group, alleging the use of illegal tactics to buy tickets exceeding limits.
Key Investment Group purchased at least 379,776 tickets from Ticketmaster, spending nearly $57 million, and resold them on secondary markets for approximately $64 million.
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