The post FTC Sues Broker Who Allegedly Bought 400,000 Tickets to “The Eras Tour” and Other Concerts appeared first on Consequence. The Federal Trade Commission (FTC) has sued a ticket reseller over an allegedly multi-million dollar scalping ring targeting major concerts and events,

The US Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift’s Eras tour and resell them at a markup,

The agency sued Maryland-based Key Investment Group, alleging that the company violated the BOTS Act to obtain thousands of Eras Tour tickets and resell them for millions of dollars.