Sept. 18 (UPI) -- Ticketing vendor Ticketmaster and owner Live Nation Entertainment illegally deceive consumers on the cost of tickets for live events, according to the Federal Trade Commission.
The FTC filed a federal lawsuit on Wednesday that accuses the two entities of tacitly working with scalpers, who purchase tickets online and then offer them for resale at a higher price.
Doing so enables Ticketmaster and Live Nation to profit at least twice when a ticket is initially bought and then resold one or more times to others, while Ticketmaster charges a fee on each transaction, according to TicketNews.
FTC Chairman Andrew Ferguson said the legal filing is intended to protect Americans from "being ripped off" when buying live-event tickets.
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