Jail for Man Who Siphoned More than S$12.5 Million of Investor Funds Through Fake Wine Investment Scheme

Singapore jails mastermind behind US$10.9 million fake wine investment scheme

Eldric Ko, who was on the run for 13 years, offered a venture that purported to source wine from French suppliers and sell the product to investors.

Jail for man who siphoned more than S$12.5 million of investor funds through fake wine investment scheme

Eldric Ko went on the run in 2011 to avoid the repercussions of his actions, and only returned to Singapore last year.

Jail for man who used bogus wine investment scheme to pocket $12.67m of investors’ funds

Eldric Ko was arrested when he returned to Singapore in May 2024. Read more at straitstimes.com.

UK Man to Be Extradited in US$99M Wine Fraud Case

A British man accused of orchestrating a nearly US$100 million wine investment scam will be extradited to the United States to face charges, a London court ruled this week. Read More The post UK Man to Be Extradited in US$99M Wine Fraud Case appeared first on Vino Joy News.

Jail for man who devised bogus wine investment scheme, pocketed $12.67m of investors' funds

SINGAPORE — A man, who set up a company that dealt with wines, and an alleged accomplice devised a fraudulent investment scheme involving the beverage to cheat over 200 investors of millions of dollars between 2008 and 2011. Based on police investigations, victims linked to the company's fraudulent sale of wines paid more than $14 million in total. Eldric Ko, 51, who incorporated Premium Liquid Assets (PLASG) in October 2005 and jointly ran its …