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 Federal Trade Commission said Monday it has filed a lawsuit against Maryland-based ticket broker Key Investment Group and its affiliated companies and individuals for using "unlawful tactics" to bypass Ticketmaster's security measures and exceed ticket purchasing limits for many popular events,

Key Investment Group said the FTC is misapplying the Better Online Ticket Sales Act, a 2016 law which it said was meant to target malicious software, not legitimate resale businesses. Key Investment Group sued the FTC in July to try to prevent the agency from using the law against it, saying it uses human employees — not bots — to buy tickets.