Taylor Swift fans scammed out of over £1m by ticket scammers

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Thousands of Taylor Swift fans have been defrauded out of more than £1 million by scammers offering tickets to her UK concert, bank chiefs estimate.

Lloyds bosses have revealed more than 600 of their customers have been left angry, disappointed and without money.

And when other financial institutions are taken into account, they believe the real number is more than 3,000 and the loss is likely to be more than £1m.

Mr Lloyds said the average loss for each victim was £332, but some had lost more than £1,000.

The study found that fans between the ages of 25 and 34 are most likely to be targeted, and that many scams originate from social media.

Thousands of Taylor Swift fans were defrauded out of more than £1 million by scammers claiming to be offering tickets to her UK concert, bank chief estimates

Thousands of Taylor Swift fans were defrauded out of more than £1 million by scammers claiming to be offering tickets to her UK concert, bank chief estimates

Lloyds said the average loss per victim of Taylor Swift ticket fraud was £332, but some lost more than £1,000.

Lloyds said the average loss per victim of Taylor Swift ticket fraud was £332, but some lost more than £1,000.

Lloyds said it was investigating concert ticket fraud more broadly after targets last summer included fans of artists such as Coldplay, Beyoncé and Harry Styles.

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Purchase fraud can occur when someone is tricked into sending money via bank transfer to purchase counterfeit, adulterated, or non-existent goods or services.

Ticket scams often include fake advertisements, social media posts, and listings offering tickets or access to sold-out events.

The victim is asked to pay for the ticket upfront, and once this is done, the scammer disappears.

Buyers are left without tickets and lose money.

Lloyds said fraud often occurs in two waves: when tickets go on sale and before and after the event.

“It’s easy to get emotional when you find out your favorite artist is going to perform live, but it’s important not to let those emotions cloud your judgment,” said Liz Ziegler, head of fraud prevention at the bank.

Lisa Webb, consumer champion Which?, said: “Don’t be tempted to buy tickets from non-authorized sellers as your rights could be significantly reduced.” .

“If your ticket price is over £100, we recommend paying using a credit card.”

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