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11th December 2012

Three companies fined for illegally selling London Olympics tickets

Firms fined a total of £70,000 for selling tickets 'at hugely inflated prices'

Westminster Magistrates' Court has fined three companies a total of £70,000 for selling tickets for the London Olympics at "hugely inflated prices".

Sportsworld Group Ltd was found guilty of selling tickets in breach of Olympic legislation and fined £50,000. Imperial Corporate Events Limited and Events International pleaded guilty in September and were fined £10,000 each.

The investigation focused on 74 tickets that were sold by Sportsworld who were an authorized seller, to Corporate Events Limited and Events International knowing that they would be illegally resold. Some £420,000 was made from the sale of the 74 tickets.

Detective Superintendent Nick Downing, who led the Metropolitan Police investigation, said “these companies exploited the public enthusiasm for the games.”

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Three companies fined for illegally selling London Olympics tickets

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