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INVESTIGATE: Jail fits the bill for ad conman.

Byline: Penman & Sommerlad

HERE'S proof that you should never pay a bill if you don't think it's genuine.

Global conman Michael Petreikis made a fortune by sending invoices to firms saying they'd requested an advert in a business directory.

The directories had plausible names such as The Official Register Of Commerce And Industry and the Hotel And Restaurants Index - but they never existed.

That didn't stop 61-year-old Petreikis netting around pounds 5million from firms in 25 countries, many in the UK.

The happy news is that Petreikis, an American living in Toronto, Canada, is now starting a four-year jail sentence for fraud.
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Copyright 2006 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Features
Publication:The Mirror (London, England)
Date:Nov 2, 2006
Previous Article:INVESTIGATE: Dutch Judge: It's fine to scam UK.

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