00:00The U.S. Federal Trade Commission has filed a lawsuit in Maryland federal court against Key Investment Group,
00:06a ticket resaler accused of illegally evading purchase limits to acquire and resell thousands of tickets to Taylor Swift's Aeros Tour.
00:14The FTC alleges the company used thousands of fake or purchased Ticketmaster accounts,
00:19including using 49 accounts to buy more than 270 tickets for one Swift concert.
00:25Between November 2022 and December of 2023, Key Investment Group allegedly purchased over 379,000 tickets,
00:35spending about $57 million, and resold them for approximately $64 million.
00:41The suit charges violations of both the Better Online Ticket Sales Act, or BOTS, as well as the FTC Act,
00:48and marks part of a broader government effort under the Trump White House executive order
00:53to curb exploitative ticket reselling practices.
