Written by Adriana Hamacher    Saturday, 26 December 2009 15:12   
New olympic website fraud risk

altTicket holders will still keep their original tickets after they sell them on the Olympic Games committee website, creating potential for some tickets to be illegally resold.

 

The Vancouver Olympic Organising Committee (VANOC) opened its online ticket re-sale facility last week enabling ticket holders to log on to their accounts on the website and sell their tickets to other account holders.

But the original tickets will only have their barcodes deactivated and not physically revoked so they can be resold to unsuspecting buyers.

With estimates that up to 10 percent of tickets will change hands before the Games, that could mean as many as 160,000 invalid tickets will be available on the secondary market.

And with the Games now just a few weeks away, Scalpers have legally jacked up the cost of tickets to as much as 20 times the ticket's face value.

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