Pete Wentz performed a serious swag no-no at an MTV VMAs event over the weekend, when he walked away with over $1,600 worth of free sunglasses, and RadarOnline.com has an exclusive eyewitness report of the shady incident!

Ashlee Simpson's ex-hubby had just finished walking the red carpet at Perez Hilton's One Night in Los Angeles event where he was performing a set, when a representative from event sponsors Carrera sunglasses approached the former Fall Out Boy in hopes of gifting him a single pair of their stylish (and pricey!!) shades.

Bringing several options for the pop star to try on, she walked up to Pete with ten pairs of the glasses in her hands and, according to an eyewitness, he abruptly asked her: "These are gifts, right?"

Lindsay Lohan didn't have to worry about being accused of pocketing any goods at the pre-Oscar bash she attended Friday night, RadarOnline.com can report. Kari Feinstein's Style Lounge is one of the biggest swag giveaways of the award season!

PHOTOS:  Lindsay Lohan Is A Swag Hound

This was Lindsay's first event since her last courtroom appearance where Judge Keith Schwartz revealed that any plea bargain in her grand theft case would result in a jail sentence from him.

The troubled starlet has until her next court date, March 10, to decide to accept a plea deal and go to jail, or go to trial and try her luck with a jury.

PHOTOS: Lindsay’s Courtroom Outfit - The Item By Item Cost Breakdown

She looked like she may still be grappling with that decision, seeming to be unusually low key and serious at Friday's swag event.

Other celebs who walked away with bags and bags of freebies including wrist watches, shoes and cosmetics included Lohan's former best pal Paris Hilton, plus Jennifer Love Hewitt, Balthazar Getty and David Arquette.

PHOTOS: Sexy Stars Who Have Been Arrested

PHOTOS: Celebrity Mugshots

PHOTOS: The Best, Worst & Wackiest Courtroom Couture

RELATED STORIES:

PHOTOS: Lindsay Lohan Works Out Thanksgiving Day

VIDEO: Barbara Walters Scolds Dina Lohan Over Lindsay -- 'C'mon, Let's Get Real!'

PHOTOS: Top Hollywood Stars Who Are Gay Or Bisexual

As much as some actors and filmmakers may want to make the Sundance Film Festival a serious venue to showcase their art, there is no getting away from the fact that Sundance has become the epicenter of the Hollywood swag universe.

One suite even went so far this year to call itself the House of SWAGG, and RadarOnline.com has the pictures of your favorite celebs grabbing up their freebie merchandise.

PHOTOS:  Celebs Invade Sundance House Of SWAGG

Susan Sarandon took home a white Under Armour jacket. Paul Rudd loved their fleece jackets.  Aubrey O'Day snagged an Under Armour duffle bag.

PHOTOS:  Hollywood's Sexy Singles

Also spotted were Eliza Dushku and her beau, NBA and Dancing with the Stars alum Rick Fox.

PHOTOS:  Dancing With The Stars Bikini Wars

Emile Hirsch, Liam Hemsworth and Chaz Bono made the House of SWAGG scene too.

And new dad Mario Lopez beamed in on Samsung's Galaxy Tab, a mobile app called SWAGG, that let's you purchase and share gift cards and such.

PHOTOS:  Naked Do-Gooders - Ladies Who've Stipped Down For A Causse

An unscientific survey of the Sundance landscape shows that there are over 250 parties and swag suites in the festival's 10 days.

Hope all the celebs brought an extra suitcase to get their freebies home.

RELATED STORIES:

James Franco Wigs Out At Sundance

VIDEO:  Rick Fox Voted Off DWTS

Rick Fox & Eliza Dushku Have Tiff Over Stacy Keibler