Archive · 19 Aug 2025
FTC Sues Ticket Reseller Over Swift, Springsteen Tickets
The government is suing a company that bought lots of concert tickets using sneaky methods like computer programs (bots) and fake accounts.
They got tickets to popular shows, like Taylor Swift and Bruce Springsteen, and then resold them for much higher prices, making a big profit.
The government says this is illegal because it hurts fans who want to buy tickets at a fair price.
This action is to stop companies from using tricks to get more tickets than they should and rip off music fans.
The FTC is suing Key Investment Group over alleged illegal ticket resale practices.
The suit focuses on tickets for major events like Taylor Swift and Bruce Springsteen concerts.
Key Investment Group used bots and false accounts to buy tickets exceeding purchase limits.
The group purchased nearly $57 million in tickets, reselling some for about $64 million.
The FTC is enforcing the Better Online Ticket Sales Act of 2016, combating ticket scalping.
- Who
- The Federal Trade Commission (FTC) is suing Key Investment Group, its affiliates and executives.
- What
- The FTC is suing Key Investment Group for illegal ticket resale practices, including the use of bots and fake accounts to purchase tickets for concerts and events.
- When
- The alleged illegal activities occurred from around October 2016 to the present.
- Where
- The FTC filed a complaint in federal court.
- Why
- The FTC is taking action to stop companies from circumventing ticket purchase limits and ensuring consumers have a fair chance to buy tickets at reasonable prices.
FTC
Key Investment Group
Legality of Ticket Reselling
FTC
Illegal practices by ticket resellers harm consumers and violate the law.
Key Investment Group
The article doesn't specify any defense from the accused.
- Defendant
- Key Investment Group
- FTC Action
- Lawsuit and penalties seeking complaint
- Tickets Purchased (Nov '22 - Dec '23)
- At least 379,776
- Cost of Tickets
- $57,000,000
- Resale Revenue
- $64,000,000
- Focus
- Taylor Swift's The Eras Tour and Bruce Springsteen concerts