Travel fraudsters pay 6.5 million

To stay out of prison the Convicted fraudster Christakis Phillipou, and his accomplices, have agreed to pay over £6.5 million towards those they had defrauded, Which will include in full the members of the public who lost their holidays, and also including ABTA.

Personally i would like to see them go to prison anyway the misery they caused..

In the biggest case of its kind, the gang of fraudsters were prosecuted in connection with five holiday companies.

Which, between July 2003 and August 2006, advertised holiday bargains that lead customers to pay for holidays that did not exist.

All of the creditors agreed that members of the public who had lost out should receive full reimbursement.

The £6.5 million sum, agreed at Southwark Crown Court earlier this week, also means that ABTA will recoup a significant portion of the amount paid out in claims.