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American ftc continues ticket dealer:
The United States Federal Commerce Commission (FTC) has launched prosecution against the Key Investment Group ticket dealer. However. In addition, accused of having circumvented the purchasing limits in order to acquire thousands of tickets for live events, including the Eras tour of Taylor Swift, and to resell them at increased prices. Therefore, The complaint was filed on Monday in a federal court in Maryland on Monday.
The company, based in Baltimore in Maryland, notably manages Totalickets.com ticket sites. Similarly. In addition, According to the FTC, it used thousands of Ticketmaster accounts, including fictitious or purchased accounts, to seize the precious sesames.
Ticketmaster had already suffered strong criticism after the chaotic sale of tickets for the Eras tour of. Meanwhile, Taylor Swift in 2022. At the time. billions of requests from fans. robots and resellers had saturated the site, forcing the american ftc continues ticket dealer company to cancel the sale american ftc continues ticket dealer for the general public.
For a Swift concert in Las Vegas in March 2023. Key Investment Group. its affiliates would have used 49 different accounts to buy 273 tickets, thus bypassing the limit of six tickets per buyer. The resale of these tickets would have brought them more than $ 119,000, according to the FTC. In total, the company would have generated more than $ 1.2 million by reselling 2,280 tickets for SWIFT concerts in 2023, the agency said.
Andrew Ferguson. president of the FTC. said in a statement that this legal action serves as a warning to ticket dealers: the agency will not hesitate to pursue those around the limits imposed by ticket platforms.
This complaint is part of a vast offensive announced in March by President Donald Trump. aimed at limiting abusive resale practices that increase prices for american ftc continues ticket dealer fans.
A spokesperson for Key Investment Group did not american ftc continues ticket dealer immediately respond to a comment request. on Monday.
The company had attacked the FTC in justice in July to try to block the investigation. claiming that its ticket purchases did not use automated software. or bots, and therefore did not violate the BOTS law (Better online TICKET SALES ACT).
In its complaint. the company claims that the FTC wishes to use the BOTS law to “close the entire secondary ticket market”.
The agency accuses Key Investment Group on Monday. three of its leaders of having violated the BOTS law as well as the FTC law. which prohibits unfair and misleading business practices.
Ticketmaster. his parent company. Live Nation Entertainment, are also the subject of legal action brought by the American antitrust authorities, who accuse them of monopolizing the live concert market.
American ftc continues ticket dealer
American ftc american ftc continues ticket dealer continues ticket dealer
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