Olympic web fraud makes $50,000

Date: October 02, 2007
Source: guardian.co.uk


A Chinese man who cloned an Olympics Web site and made around $50,000 from fake prize draws has been arrested by police in the island province of Hainan, state media reported.

Liao Peigui, a 20-year-old computer engineer in Danzhou city had persuaded his victims to transfer 10 to 20 percent of the value of their "prize" into a bank account he had opened.

His copy of official Web site www.beijing2008.cn, which currently gets more than 1 million visits a day, netted Liao a suspected 400,000 yuan ($53,300), the Xinhua agency said in report late on Sunday.
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