greece news

Former AEK Athens owner faces jail for fraud

September 29, 2009
By Reuters
Former AEK Athens owner Makis Psomiadis was sentenced to four years in jail by an Athens court on Tuesday for fraud.

Psomiadis, a current shareholder in rival Greek Super League (top division) club Nea Kavala where his son is chairman, and two of his cousins were given four-year jail sentences for defrauding 11 million euros ($16.03 million) from AEK's accounts.

The court ruled that Psomiadis, a former tabloid newspaper and nightclub owner, had recorded several invoices in AEK's accounts ...

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