Luxury Wine Scammer Faces Jail After $100m Fake Collector Plot

Brit conman admits role in brazen £75million vintage wine fraud - The Mirror

James Wellesley faces up to 12 years in prison in New York after pleading guilty to involvement in a £75 million fine wine fraud scheme. His company, Bordeaux Cellars, brokered loans for expensive wine collections, which did not exist.

Luxury wine scammer faces jail after $100m fake collector plot

Victims were tricked into investing in wealthy wine collectors who did not exist

UK man pleads guilty to $US99m fine wine fraud scheme in New York

The scheme ran from June 2017 to February 2019, and collapsed when interest payments stopped.

British duo admit to US$99m fake wine investment scheme in US court

James Wellesley admitted to wire fraud conspiracyBritish co-defendant Stephen Burton also pleaded guiltyWine claimed to be in inventory allegedly didn’t existNEW YORK, Oct 8 — A British man pleaded guilty yesterday in New York to involvement in a nearly US$100 million (RM421 million) fraud whose victims invested in loans meant for fictitious wealthy wine collectors whose wine also did not exist.James Wellesley, 59, pleaded guilty to wire fraud c…

British man pleads guilty in New York to $129 million wine fraud

James Wellesley could face 10 to 12 1/2 years in prison under recommended federal guidelines. Read more at straitstimes.com.

UK man pleads guilty in New York to $99 million wine fraud

A British man pleaded guilty on Tuesday in New York to involvement in a nearly $100 million fraud whose victims invested in loans meant for fictitious wealthy wine collectors whose wine also did not exist. The post UK man pleads guilty in New York to $99 million wine fraud appeared first on NY Daily Record.