Two directors of a company that traded in fine wines have been disqualified for a combined 20 years, following an Insolvency Service investigation, after scamming its customers out of nearly £1 million.
Explosion of a glass with red wine
The investigation by the Insolvency Service found that Crimson Fine Wines Limited, based initially in London and then in Sittingbourne in Kent, used cold calling to ensnare clients, and then failed to purchase or allocate wines to customers who had paid for their investments.
The scheme offered investors returns over 12 months to five years, at a time when they claimed the property market and shares were less attractive.
Craig Coop…
Read the full article at: https://www.thedrinksbusiness.com/2017/10/two-directors-banned-over-1m-fine-wine-scam/