Additional Coverage:
Feds Crack Down on Ticket Scalping Scheme
The Federal Trade Commission (FTC) has filed a lawsuit against a ticket resale operation accused of using a sophisticated network of bots and fake accounts to illegally acquire hundreds of thousands of concert tickets. The operation allegedly targeted high-demand events for artists such as Taylor Swift and Bruce Springsteen, circumventing Ticketmaster’s security measures and then reselling the tickets at exorbitant prices, generating millions in profits. The FTC alleges the scheme violated consumer protection laws and is seeking to hold the perpetrators accountable.