The Federal Trade Commission (FTC) and seven states sued Ticketmaster and its parent company, Live Nation Entertainment, on Thursday, for allegedly failing to crack down on ticket resellers and “engaging in illegal ticket resale tactics” by selling the “illegally harvested tickets at a substantial markup in the secondary market, causing consumers to pay significantly more than the face value of the ticket.”

Fast Company has reached out to Ticketmaster and Live Nation for comment and is awaiting their response.

The FTC press release alleged Ticketmaster used “deceptive pricing tactics” and earned “hundreds of millions selling tickets acquired illegally by brokers” which cost consumers “billions of dollars in inflated prices and additional fees.”

The agency further alleged in a complaint

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