BEIJING (Reuters) – A Chinese man who cloned an Olympics Web site and made around $50,000 (24,000 pounds) 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.
In the summer, Beijing ran a special campaign to root out street peddlers selling fake Olympic products.
China is considered the largest source of counterfeit goods in the world, causing billions of dollars in lost sales to makers of everything from music and movie DVDs, designer clothes and consumer electronics and software.
via [reuters]
