| Abstract: |
John Fox, the owner of one California's biggest retailers Premier Cru, has turned himself in and admitted to scamming customers of over $45 million. An FBI investigation has uncovered years of embezzlement and fraud leading to thousands of customers left out of pocket... In January, Decanter.com reported the bankruptcy of Californian retail giant, Premier Cru. The company folded with debts of over $70 million, with just $7 million in assets – leaving thousands of unsecured creditors, as well as customers, out of pocket. Now it has been revealed that the company was not only crumbling, but also corrupt. |
