Tickets for this years summer Olympics in Beijing are arguably the hottest tickets of the year, if not the decade. So it really should surprise no one that fraudsters have jumped in trying to make a quick dime:

Online ticket fraud being fought at Beijing Olympics

Apparently, TicketCity is the culprit, although they are still listing tickets on their website as of this morning. But what about the TicketCity 200% guarantee, you ask? Sorry Charlie, those are only good for events that occur within the US. Hopefully TicketCity will do the right thing, because there is no faster way to sink a secondary ticketing company quicker than selling your customers counterfeit tickets.

Quick Update: I saw this article on the Olympics website about the Chinese government cracking down on ticket scalpers:

http://en.beijing2008.cn/tickets/news/n214485354.shtml

My favorite line:

“Only 26 of the suspects were detained, while the rest were released after they had been fined, warned and “educated,” the report said.”

I love the quotation marks around “educated.”