Monday, 5 November 2012

Fraudster Jailed For Olympic-Sized Ticket Scam


A heartless Olympic scammer – who made €450,000 selling expensive non-existent tickets from two bogus websites – has been jailed for four years.
Amongst the victims, from twenty different countries, were the parents of Olympic competitors from France and Greece.
Christakis Ioannou, 44, (pictured) of Crantock Road, Catford was arrested at Gatwick Airport with €17,500 stuffed inside his shoes as he stepped off a flight from his Portugal hideaway.
The Metropolitan Police's Operation Podium Team discovered Ioannou wired his illicit profits to Portugeuse bank accounts, where he made cash withdrawls.
He pleaded guilty at Kingston-upon-Thames Crown Court to participating in a fraudulent business and possessing and concealing criminal property.
Ioannou set up two fake websites nearly a year before the the opening ceremony, which were designed to look like official sites, offering for sale unlimited numbers of tickets for all Olympic events.
Over 400 people, from around the world, tried to buy tickets for the Games from www.2012-londonsummergames.com and www.2012-londonsummergames.org.
In five weeks the sites took over €450,000 in sales for non existent tickets to the Olympics.
Detectives from Podium tracked the websites back to Ioannou, who was based in Portugal, and he was arrested when returning to the UK.
Evidence was taken from victims in over twenty countries around the world including the USA; Italy; Netherlands and Denmark.
Detective Superintendent Nick Downing said: “Ioannou was the first fraudster of this type we identified and the biggest.
“This case clearly shows that online crime of this nature is not a victimless crime.
“Over four hundred people missed out on a chance to be part of the London 2012 Olympic Games and instead were simply ripped off.
“Ioannou set up simple yet genuine looking sites, and made thousands within only five weeks.
“Podium were so concerned about people falling foul of his scam we issued a number of public warnings naming the sites to try prevent additional people from getting conned.
“Once someone had bought their tickets, at vastly over inflated prices, they never heard from the website of his company again.


”These sites were picked up as part of our proactive monitoring of the internet and referrals from LOCOG to spot and then prevent fraudsters like Ioannou from cashing in on the popularity of the Games.
“Three hundred and forty websites were identified in this way. 

“Never buy your tickets from anywhere but the official event organisers, or those people authorised to sell on their behalf.”

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