FTC sues ticket resellers over Taylor Swift and major concert ticket scandals

1 min read
Source: CBS News
FTC sues ticket resellers over Taylor Swift and major concert ticket scandals
Photo: CBS News
TL;DR Summary

The FTC has sued Maryland-based Key Investment Group for illegally purchasing and reselling hundreds of thousands of tickets, including thousands for Taylor Swift's Eras Tour, at inflated prices by bypassing Ticketmaster's security measures. The company allegedly used thousands of accounts and virtual credit cards to circumvent purchase limits, making over $64 million from resales, violating federal laws. The case highlights ongoing issues with ticket scalping and online security measures.

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