The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope.
By W. Blake Gray | Posted Wednesday, 03-Mar-2021
There’s a little light ahead for the victims of John Fox’s Ponzi scheme at the bankrupt Premier Cru wine shop they may soon get some of their money back.
People who shelled out thousands of dollars for wines that they never received can expect to get about 5-10 percent of their money back, according to Mark Bostick, an attorney for bankruptcy trustee Michael G. Kasolas.
“It’s not a huge amount but, considering we started at zero, it’s not bad,” Bostick told Wine-Searcher.
Bostick said the sprawling Premier Cru bankruptcy case has been fascinating to untangle over the past five years. Bec…
Read the full article at: https://www.wine-searcher.com/m/2021/03/some-comfort-for-wine-ponzi-scheme-victims