Overview

• The complaint says Key Investment Group used thousands of fictitious Ticketmaster accounts, proxy or spoofed IP addresses, SIM banks, and virtual and traditional credit cards to bypass purchase caps.
• Regulators allege the operation bought at least 379,776 tickets between Nov. 1, 2022 and Dec. 30, 2023 for nearly $57 million and resold a portion for about $64 million.
• Examples in the filing include using 49 accounts to buy 273 tickets for Taylor Swift’s March 2023 Las Vegas show and using 277 accounts to obtain 1,530 seats for a Sept. 1, 2023 Bruce Springsteen concert at MetLife Stadium.
• The suit names KIG and affiliates Epic Seats, TotalTickets.com and Totally Tix, as well as executives Yair D. Rozmaryn, Elan N. Rozmaryn and Taylor Kurth, and seeks damages and civil penalties for alleged violations of the BOTS Act and the FTC Act.
• KIG denies wrongdoing, has sued to block the investigation, and argues the FTC is misapplying the law in a way that would upend the secondary market; Ticketmaster is not accused in this case but remains under separate federal antitrust scrutiny with parent Live Nation.