Oasis fans hit with a ‘landslide' of ticket scams [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Yahoo! Finance
The fans have lost £346 ($449) on average to fraudsters ahead of the British band's reunion tour next year, with some losing as much as £1,000 ($1,298), UK lender Lloyds Banking Group said Tuesday. Lloyds said in a press release that an analysis of fraud reports lodged by its customers in the month following Oasis' August announcement of its comeback tour also showed that more than 90% of the scams began with adverts on social media and that the “vast majority” started on Facebook. Facebook's parent company Meta ( META ) declined to comment. The bank said Oasis fans made up around 70% of all reported ticket fraud between August 27 and September 25. Lloyds noted that scammers usually post fake adverts on social media for either discounted prices or tickets at inflated prices for events that have already sold out, collecting fans' money via a bank transfer for tickets that don't exist. “The fact that so many cases start with fake listings on social media, often in violation o
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