The ArgusCity chief 'in £42,000 fare dodge' (From The Argus)

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City chief 'in £42,000 fare dodge'

The Argus: City chief  'in £42,000 fare dodge' City chief 'in £42,000 fare dodge'

A senior city executive is believed to have dodged more than £42,000 in train fares after exploiting a loophole which meant he only paid a third of the journey cost.
 

The hedge fund manager is thought to have spent five years "tapping out" through the barriers at London Cannon Street with an Oyster Travelcard rather than paying the full fare for the one hour and 22 minute journey from Stonegate, near Wadhurst, a spokesman for Southeastern trains confirmed.
 

The spokesman said the man, who has not been named, is believed to have caught the train from the rural station with no barriers, avoiding ticket inspectors on the train and changing at London Bridge to catch a connecting service to Cannon Street.
 

The executive used an Oyster card to pass through the barriers, paying the then maximum £7.20 fare incurred when a passenger taps out through a barrier without having tapped in, the spokesman said.
 

He was eventually caught in November last year by a ticket inspector standing next to the barriers and was able to pay the £42,550 in dodged fares and £450 in legal costs within three days as part of an out-of-court settlement, according to the train company.
 

Southeastern's investigators discovered that the man had bought an annual season ticket from Stonegate up until 2008, but within five days of being challenged at Cannon Street he renewed his lapsed ticket which led them to believe he had been evading the fare for five years.
 

The Southeastern spokesman said the company took fare evasion very seriously and that it had quadrupled the number of revenue protection officers out on its network since 2006, and now had a 150-strong team.
 

He said: "Conductors on our trains carry out checks during journeys, our revenue inspectors travel across the network making checks and enforcing penalty fares, ticket barriers at our main London terminals are manned, and we've also installed self-service ticket machines at most of our stations to make it easier for passengers to buy tickets before travelling.
 

"We recognise that this issue is important to customers who pay their way and expect the system to treat them with fairness by acting against people who don't buy tickets.
 

"This case highlights the cost of fare evasion to the industry and the scale of the penalties that individuals face when caught.
 

"We hope it will act as a deterrent, particularly given that the sum involved is far above the average earnings of most of the fare-paying public."

 

Comments (12)

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5:02pm Sun 13 Apr 14

crazy_plan says...

Name and shame... Who was this comedian ??
Name and shame... Who was this comedian ?? crazy_plan
  • Score: 9

5:20pm Sun 13 Apr 14

tykemison says...

as above,outrageous how he can get away with not being named.
as above,outrageous how he can get away with not being named. tykemison
  • Score: 9

5:50pm Sun 13 Apr 14

whatevernext2013 says...

if he is this dishonest how can he be trusted in his job ,most companies dismiss staff that have been convicted of fraud
if he is this dishonest how can he be trusted in his job ,most companies dismiss staff that have been convicted of fraud whatevernext2013
  • Score: 11

6:17pm Sun 13 Apr 14

Fight_Back says...

Given the absolutely rip off prices the rail companies charge for train tickets, the inflation busting increases every year for no improvement in service and the dire services they actually provide I have little sympathy for the rail companies.
Given the absolutely rip off prices the rail companies charge for train tickets, the inflation busting increases every year for no improvement in service and the dire services they actually provide I have little sympathy for the rail companies. Fight_Back
  • Score: 0

6:57pm Sun 13 Apr 14

HJarrs says...

Hedge fund manager, what do you expect! Bet £42k wasn't even pocket lint.
Hedge fund manager, what do you expect! Bet £42k wasn't even pocket lint. HJarrs
  • Score: 7

8:28pm Sun 13 Apr 14

Take it Personally says...

Name the bast*rd
Name the bast*rd Take it Personally
  • Score: 1

9:01pm Sun 13 Apr 14

TIMBURRY says...

Got back from holiday last week and couldn't belief how the train companies are ripping off tourists and occasional train users by having to use a ticket machine with no help so that you end up paying to much for your journey
Got back from holiday last week and couldn't belief how the train companies are ripping off tourists and occasional train users by having to use a ticket machine with no help so that you end up paying to much for your journey TIMBURRY
  • Score: 1

10:10pm Sun 13 Apr 14

the old funker says...

He's been ripped off by Southeastern He's already paid his fare from Zone6 to London and return to Zone6 every day Thieving railways have diddled him.
He's been ripped off by Southeastern He's already paid his fare from Zone6 to London and return to Zone6 every day Thieving railways have diddled him. the old funker
  • Score: -2

10:58pm Sun 13 Apr 14

clubrob6 says...

Its no different to what millionaires like BLAIR are doing finding loopholes to avoid paying tax.
Its no different to what millionaires like BLAIR are doing finding loopholes to avoid paying tax. clubrob6
  • Score: 5

12:30am Mon 14 Apr 14

whatevernext2013 says...

clubrob6 wrote:
Its no different to what millionaires like BLAIR are doing finding loopholes to avoid paying tax.
just blair ? have you already forgotten the last MP who fiddled her expenses
[quote][p][bold]clubrob6[/bold] wrote: Its no different to what millionaires like BLAIR are doing finding loopholes to avoid paying tax.[/p][/quote]just blair ? have you already forgotten the last MP who fiddled her expenses whatevernext2013
  • Score: 2

9:43am Mon 14 Apr 14

Andy R says...

the old funker wrote:
He's been ripped off by Southeastern He's already paid his fare from Zone6 to London and return to Zone6 every day Thieving railways have diddled him.
There's always one poor sap willing to make excuses for the privileged.
You ought to get some help with that nasty bout of Stockholm Syndrome you seem to have caught.

This really is a quite remarkable example of class justice.
[quote][p][bold]the old funker[/bold] wrote: He's been ripped off by Southeastern He's already paid his fare from Zone6 to London and return to Zone6 every day Thieving railways have diddled him.[/p][/quote]There's always one poor sap willing to make excuses for the privileged. You ought to get some help with that nasty bout of Stockholm Syndrome you seem to have caught. This really is a quite remarkable example of class justice. Andy R
  • Score: 1

6:30pm Mon 14 Apr 14

the old funker says...

Andy R wrote:
the old funker wrote:
He's been ripped off by Southeastern He's already paid his fare from Zone6 to London and return to Zone6 every day Thieving railways have diddled him.
There's always one poor sap willing to make excuses for the privileged.
You ought to get some help with that nasty bout of Stockholm Syndrome you seem to have caught.

This really is a quite remarkable example of class justice.
Thank you.... You made me smile There's no excuse for this kind of behavior from somebody who clearly can afford it and worst of all manipulate the LAW.
[quote][p][bold]Andy R[/bold] wrote: [quote][p][bold]the old funker[/bold] wrote: He's been ripped off by Southeastern He's already paid his fare from Zone6 to London and return to Zone6 every day Thieving railways have diddled him.[/p][/quote]There's always one poor sap willing to make excuses for the privileged. You ought to get some help with that nasty bout of Stockholm Syndrome you seem to have caught. This really is a quite remarkable example of class justice.[/p][/quote]Thank you.... You made me smile There's no excuse for this kind of behavior from somebody who clearly can afford it and worst of all manipulate the LAW. the old funker
  • Score: 0

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