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Lloyds Bank issues £154 warning to all customers

BySpotted UK

Jul 28, 2023

Lloyds Bank has issued a stark warning after a jump in reported football ticket scams last season.

The banking giant said that, based on analysis of reported fraud cases among its own personal banking customers, the number of people being scammed when buying football tickets more than doubled (a 101% increase) last season compared with the season before, with victims losing £154 on average.

It looked at reports made by Lloyds Banking Group customers between August 2022 and May 2023, compared with the same period a year earlier.

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Lloyds' data indicates many scams originate on social media and people aged 18 to 24 are particularly likely to fall victim to them. When tickets for big events are scarce or in high demand, fraudsters know they can cash in on desperate fans willing to pay much more.

They create fake posts on social media or online marketplaces to advertise tickets that do not exist. Often they will include pictures of real tickets to convince the buyer that they are genuine. The victim is often tricked into sending money via bank transfer.

Lloyds warned fans of some of the biggest clubs in England, where demand for tickets is particularly strong, are particularly likely to be targeted. Liverpool and Manchester United fans were scammed most often, it added.

Once the money has been transferred, the fraudster simply disappears, and the victim receives nothing. Liz Ziegler, fraud prevention director, Lloyds Bank, said people should look to buy directly from football clubs or their official ticket partners.

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