Taylor Swift fans lose £1m in scams, Lloyds Bank estimates

In the lead-up to the UK leg of Taylor Swift's Eras tour, a report from Lloyds Bank states that fans have lost an estimated £1 million in ticket frauds.

Customers who came forward to claim being defrauded averaged £332 each, with some losing $1,000, according to the bank.

In addition, 90% of the reported ticket scams originated on Facebook, according to the piece.

The superstar's June and August concerts in the UK have been incredibly popular, with tickets selling out in record time. 

They say, "It's terrible; you just feel powerless." In December, fraudsters began impersonating Karen Elrick on Facebook and posting messages advertising Taylor Swift tickets for sale after hacking her account  

Victims of the scam included a number of acquaintances who each sent around £750 before realizing the advertising and tickets were fake.   

There doesn't appear to be anyone who can assist, and it's completely beyond my control. It appears that no one can be bothered?   

She continues: "If you see Taylor Swift tickets on Facebook, it's likely a scam."   

When compared to other artists, Lloyds found that Swift had the highest number of reports of ticket scams.   

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