Olympic ticket scam

[basketcase]

The website Beijingticketing.com which was offering tickets for Olympic events has been exposed as a massive scam.

It's believed that as much as $50 million was made through website sales of nonexistent tickets.

http://www.cnbc.com/id/26130866

"This is the largest single ticketing scam that I've ever seen around a single event -- $50 million stolen by a single guy, using a slick website. It highlights why fans on the Internet have to know who they're dealing with. Anyone can put up a fraudulent website. You have to check the backers and partners of the company. Fraudsters will build slick Web sites that look official. It's not unlike online scammers trying to get your banking information by directing you to an official looking website that displays your bank's logo. It's like counterfeit tickets, you can't tell whether they're authentic just by looking at the ticket...you have to know and trust the source.