| Abstract: |
The trial of six people involved in three allegedly fraudulent wine investment companies started in St Albans Crown Court this week. Bordeaux 2005: fraudsters allegedly sold £2.5m of non-existent wine Investors were cold-called and persuaded to invest in Bordeaux en primeur mainly 2005 First Growths. The three companies involved are Bordeaux Wine Trading Company, International Wine Commodities Ltd and Templar Vintners Ltd. Although the victims paid a total of £2.5m, it is alleged that the fraudulent companies only ever had one £10,350 case of wine in stock. No other orders were placed with suppliers. |
