The Federal Trade Commission is suing Key Investment Group for allegedly using illegal tactics to acquire a significant number of live event tickets, violating the BOTS Act. The company is accused of purchasing $57 million worth of tickets from Ticketmaster and reselling them at a markup for $64 million. This includes a claim of acquiring 273 Taylor Swift concert tickets using 49 different accounts. Key Investment Group disputes these allegations and argues that the FTC misinterprets the BOTS Act.
Key Investment Group is accused of using illegal methods to purchase hundreds of thousands of event tickets, violating the Better Online Ticket Sales Act.
The FTC claims Key Investment Group resold tickets at significant markups, purchasing $57 million worth of tickets while reselling for $64 million.
Key Investment Group asserts that the FTC misinterprets the BOTS Act, stating that its practices do not violate federal law as portrayed.
In one claim, Key Investment Group allegedly used 49 accounts to exceed the ticket purchase limit dramatically, indicative of their ticket-buying strategy.
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