'pounds 5M FRAUD' 5 IN COURT; INVESTIGATE.
THESE are the five defendants behind an alleged Beijing Olympics ticket fraud. They are accused of failing to supply 10,000 tickets worth pounds 5million.
Martin Evans, prosecuting for the Serious Fraud Office, told Camberwell Magistrates court on Thursday: "The allegations arise out of the operation of the Xclusive group of companies, in particular the selling on the internet of tickets for the Beijing Olympics and various music festivals."
Terence Shepherd, 51, Allan Schaverien, 65, Alan Scott, 55, and Cyril Gold, 67, are charged with Fraud Act offences.
Shepherd and his wife Margaret Canty-Shepherd, 49, are charged with money-laundering. All were released on conditional bail. The case was adjourned until January, when it is due to be sent to Crown Court for trial.
CANTY-SHEPHERD ALLAN SCHAVERIEN CYRIL GOLD ALAN SCOTT CHARGES Terence Shepherd
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|Publication:||The Mirror (London, England)|
|Date:||Oct 22, 2009|
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