Anti-fraud group Profit makes non-executive appointments

Travel anti-fraud group Profit has appointed two non-executive directors to join the team working on its Fin intelligence system.

Stewart Chesterton, a co-founder of Traveltek, becomes development director and will work with owner David Rose to secure the Fin system and drive technical developments. He will be working on a new design.

Gerry Smyth, owner of Gas Communications, becomes commercial director. He was first introduced to Profit by a senior detective at the Metropolitan Police during Operation Neon/Chilton, which led to the conviction of Christakis Philippou who defrauded around 20,000 people between 2004 and 2006.

Fin, launched last year, is a database used to vet industry applicants to root out known fraudsters. Both Smyth and Chesterton will continue with their current roles.

More:Cost of travel fraud rises to top £7m

Travel fraud database stops six criminals in first six months

Profit has also brought on board travel industry lawyer Joanna Kolatsis, of Themis Advisory, and accountant and IT specialist Maurice Taylor, of Brebners, as consultants. Both will attend board meetings.

Chairman Barry Gooch said: “This group will complete our team and form a strong, knowledgeable and effective team which we hope will enable us to become much more efficient at combating travel fraud across the UK.

“These appointments show how serious we are in our ambition to reduce economic and cyber-crime in travel.”

Share article

View Comments

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.