There are a number of reasons why I'm delighted that Paul Craven, 'managing director' of the Bordeaux Wine Trading Company Ltd (BWTC) was found guilty of fraudulent trading on Monday at the second time of asking.
The guilty verdict shows that you can't just take investors' money on the pretence that you are buying Bordeaux en primeur, and instead blow it on a succession of cars, expensive watches, almost continuous holidays, a flat and £100 a week cocaine habit.
Read the rest of the post here on my investdrinks' blog.
Read the rest of the post here on my investdrinks' blog.
2 comments:
Dont you mean £100 an hour coke habit?
Anon. You may be right but I'm reporting what Paul Craven said in the witness box at St Albans.
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