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 FTC lawsuit claims the reseller used fake accounts and banks of SIM cards to snag over 379K tickets from Ticketmaster in just over a year.