I bought two for $1k on Friday afternoon. I was actually able to get backstage at the main stage and the sahara tent (even saw Jay-Z up close), but by Friday night, security took the wristbands away from me (they let me stay for the night, however).
Anyways, I'm posting because I've already contacted the Indio PD, and I'm trying to gauge just how many people fell victim to this scam. Don't be embarrassed to post up! It was a really good operation they had going.
Feel free to post or PM me with the name and phone number of the person who sold you the wristbands, since they all seemed to have come from one main source. All info will go straight to the Indio PD. They really want to catch these guys.