FTC to sue ticket resellers for using illegal tactics

(NBC, KYMA/KECY) - The Federal Trade Commission (FTC) is suing ticket resellers for using illegal tactics.

The FTC brought the suit against a ticket broker operation for allegedly using unlawful tactics.

This included driving up ticket purchasing limits for tons of popular events and reselling those tickets for significantly higher prices.

The strategy brought in millions of dollars in revenue and was specifically used during Taylor Swift's "Eras" tour.

The scheme is operated by Maryland-based ticket broker Key Investment Group and its affiliated companies, which bypassed Ticketmaster's protections, which resulted in the defendants purchasing at least 379,776 tickets in just over a year from Ticketmaster at a cost of nearly $57 million.

To learn more about this, click here.