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09-Nov-2014 02:11

About 2,500 sports fans, including the parents of swimmer Rebecca Adlington, did not receive the tickets they had bought for Beijing.

Last year, Margaret Canty-Shepherd, a 52-year-old mother of three, stood in the dock at Southwark Crown Court, South London, accused of taking part in a £15 million scam.She was acquitted, but an investigation has revealed that she has been declared bankrupt and owes substantial sums of money to creditors whom she seems unable to pay – despite continuing to live in a £2.3 million house.With her flowing white costume and the garland of pink flowers in her blonde hair, she appeared to embody a wholesome bucolic lifestyle in artistic director Danny Boyle’s idyllic vision of the English countryside as she threw and caught apples in her pinafore in front of one billion people watching around the world.But The Mail on Sunday has discovered that she has a secret – for years she lived a life of luxury funded by a multi-million-pound ticket fraud, much of which was generated by the 2008 Beijing Olympics.

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Southwark Crown Court heard that in 18 months she spent £217,000 on luxury items, including jewellery and designer clothing, and £242,000 on travel.

The Shepherd family had lived an enviable lifestyle for more than a decade.