At least 3,000 victims are likely to have been tricked into buying fake tickets since July 2023, with over £1 million being lost to fraudsters so far.
At least 3,000 victims are likely to have been tricked into buying fake tickets since July 2023, with over £1 million being lost to fraudsters so far, Lloyds Bank said.The bank said more than 90 per cent of reported cases started with fake adverts or posts on Facebook. US singer Beyonce, British band Coldplay and musician Harry Styles are the artists most commonly used in the targeting, it noted.A search of Facebook revealed dozens of unofficial groups had been set up, many with tens of thousands of members, specifically for people looking to buy and sell tickets for Swift concerts, Lloyds said.
The scams usually involve fake adverts, posts or listings on social media, offering tickets at discounted prices, or access to events which have already sold out at inflated prices.
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