FTC Sues Ticket Resale Company Over Alleged Eras Tour Price Gouging Scheme
FTC Sues Ticket Resale Company Over Alleged Eras Tour Price Gouging Scheme The Federal Trade Commission (FTC) has initiated legal action against a Maryland-based ticket resale firm, alleging the company violated federal law to acquire hundreds of thousands of tickets for high-demand events, including Taylor Swift’s Eras Tour, and subsequently resold them for millions in illicit profit. According to the lawsuit, Key Investment Group is accused of circumventing Ticketmaster’s purchase limits by employing a sophisticated network of thousands of fictitious…