Taylor Swift concert ticket scam in UK tops US$1 million

Taylor Swift concert ticket scam in UK tops US$1 million

British fans of American star Taylor Swift lost more than $1 million (Rs 5.2 million) in a scam involving tickets offered on social media, Lloyds Bank has announced.

Hundreds of fans of the singer made bank transfers but did not get tickets for The Eras tour. Each lost an average of 413 dollars (2,173 rais) according to Bank of Britain data released this Wednesday (17).

Between July 2023 and March 2024, when sales began, more than 600 Lloyds customers reported the scam. Of this figure, the Bank of England estimates that “at least 3,000 people in the United Kingdom have been affected since the tickets went on sale, putting the total fraud at over $1.2 million”.

Most victims are between the ages of 25 and 34, and 90% of them have been scammed by ads or posts on Facebook, according to Lloyds. “With all tickets for the UK shows sold out, more of the singer's fans are at risk of being scammed in the coming months,” the bank predicted, warning that paying by credit card or PayPal was safer than wire transfer. .

According to estimates, the American singer's tour is set to become the highest-grossing concert series in music history, surpassing $1 billion (Rs 5.2 billion). The tour began on March 17, 2023, in the US city of Glendale, and will conclude on December 8, 2024 in Vancouver, Canada.

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