The Federal Trade Commission filed a lawsuit against a Maryland-based ticket resale company on Monday, alleging that the company broke federal law to obtain hundreds of thousands of tickets to Taylor Swift‘s Eras tour and other major concerts and scalp them for millions of dollars in profit.
In the lawsuit, filed in federal court on Monday and reviewed by The Hollywood Reporter, the FTC alleged that Key Investment Group violated the Better Online Ticket Sales Act — better known as the BOTS Act — to work around Ticketmaster’s ticket purchase limits and obtain nearly 380,000 concert tickets between November of 2022 and December of 2023. The company spent about $57 million for the tickets and resold them for about $64 million.
The FTC alleged that to secure so many tickets, the company used “thousands of fictitious Ticketmaster accounts, thousands of…
