FTC Sues Key Investment Group for Illegally Buying $57M in Tickets, Including Taylor Swift's Eras Tour
The Federal Trade Commission (FTC) has filed a lawsuit against Key Investment Group LLC and its executives for illegally purchasing thousands of concert tickets, including those for Taylor Swift's Eras Tour, using fake accounts and sophisticated technology to bypass Ticketmaster's security systems. The operation, which ran from November 2022 to December 2023, involved the purchase of nearly $57 million worth of tickets, with over $64 million generated in resale revenue.
The defendants, including Key Investment Group CEO Yair D. Rozmaryn, CFO Elan N. Rozmaryn, and Chief Strategic Officer Taylor Kurth, operated under various names such as Epic Seats, TotalTickets.com, and Totally Tix. They created over 13,000 fake Ticketmaster accounts using made-up names, addresses, and phone numbers, and employed thousands of different credit card numbers to evade Ticketmaster's payment tracking systems. For Taylor Swift's March 25, 2023 concert in Las Vegas, they used 49 fake accounts to purchase 273 tickets, making over $1.2 million in profit from her concerts alone. The FTC argues that this operation harmed regular consumers, who were unable to buy tickets at face value due to inflated prices on secondary markets.
The FTC seeks permanent court orders to prevent future violations and civil penalties for each violation of the Better Online Ticket Sales Act. The lawsuit aims to hold the defendants accountable for their illegal actions and ensure fair access to tickets for genuine fans.
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