Awards and citations:


1997: Le Prix du Champagne Lanson Noble Cuvée Award for investigations into Champagne for the Millennium investment scams

2001: Le Prix Champagne Lanson Ivory Award for investdrinks.org

2011: Vindic d'Or MMXI – 'Meilleur blog anti-1855'

2011: Robert M. Parker, Jnr: ‘This blogger...’:

2012: Born Digital Wine Awards: No Pay No Jay – best investigative wine story

2012: International Wine Challenge – Personality of the Year Award




Tuesday, 30 August 2016

Recent scam posts on investdrinks blog: Jonothan Piper, Freddy Achom, Jack Williams, Penketh Developments Ltd

It has been a busy few days on my investdrinks blog with posts on a number of scams. Here are the intros to four of the stories with a link to the full post.


••• 

Jonothan Piper and Embassy Wine UK Ltd


Embassy Wine UK Ltd website:
'We have great passion for the product let us share 
the knowledge of wealth and guidance to building 
a portfolio of the most sort after wines. Enabling an attractive 
and healthy return on your investment.' 
 

Jonothan Piper's real passion was to loot the life savings of the elderly

Heartless, parasite Jonothan Piper to be jailed for wine investment fraud
On Tuesday 23rd August 2016 30-year-old Jonothan Piper admitted at Snaresbrook Crown Court to defrauding his investor clients and HMRC (Her Majesty’s Revenue and Customs).


Piper, who posed as a wine broker, preyed on the elderly and vulnerable – cold calling and persuading them transfer their wine to his company Embassy Wine UK Ltd. Piper charged an advance fee for sales for ‘legal costs’. Once the wine was transferred Piper would become impossible to contact and the duped investor would never receive their promised money. 

Read the rest here

••• 


Frederick Achom: Disqualified director, who met David Cameron, fined £1 million


Report in FT Adviser: 4.8.16
 

In late July 2016 the law finally caught up with convicted fraudster and banned director Frederick Achom for running a wine investment company while disqualified from acting as a director. Achom admitted to running now bust APW Asset Management Ltd despite his 11-year directorship ban. 

The FT Adviser reported that Achom received a six-month suspended sentence and was ordered to pay just under £1 million from his profits within three months or face a jail sentence of up to five years. 

Read the rest here.

•••

Jack Williams, legal adviser – who was his mysterious client? 

Starting on 30th May 2016 and ending the same day I had an unproductive correspondence with Jack Williams, who described himself as 'legal adviser'. 




The first message from Jack Williams, legal adviser: 

'Dear Admin/Editor,
This is to bring your kind attention towards a very serious matter. A defamatory content 
http://investdrinks-blog.blogspot.in/2010/02/bordeaux-wine-company-anthony-grant-and.html has been published by you on your website http://investdrinks-blog.blogspot.in/ that is creating a lot of problem for my client. My client had no relation with this issue. 
My client has been unnecessarily dragged into it just due to its name and fame. The appearance of such type of content online is defaming my client on regular basis personally as well as professionally. And, as per the law my client has complete right to get it erased permanently from your website and google search result as well. 
Hence, its a request to get it erased/delete/take down asap
Defamatory link need to be deleted are: 
Your quick action and response will be highly appreciated.
Thank you
Jack Williams
legal adviser'


•••
 
Penketh Associates (Penketh Developments Ltd) makes false claim 

'subsidary' (sic) arm of PENKETH DEVELOPMENTS LTD

Our services: Penketh Associates – investment planning, 
retirement planning, planning your estate, personal cash  

Update: 30th August 2016 – the above website, which was registered on 28th July 2016, has now disappeared.  

••
Crates and pallets & site construction in Islington 

••

Birmingham: 'so Penketh Developments Limited 
is engaged in Buying and selling of own real estate'


Here we have yet another company – Penketh Associates, a subsidary (sic) of Penketh Developments Ltd – that is claiming falsely to have taken over as liquidator of Bordeaux Fine Wines Ltd from David Ingram of Grant Thornton as well as recovering missing wine for investors. 

 

3 comments:

Bob Rossi said...

You Brits seem to have a lot of wine fraud incidents in comparison to the U.S. Maybe it has something to do with differences in the 2 markets. Or maybe it's just that you do a better job of uncovering them than we do. However, when we have them, they seem to be very big; such as Premier Cru, and Rudy (if that counts as an American wine fraud).

Jim Budd said...

Bob. There have been some big wine investment scams targeting the US medical profession. Rudy is certainly a wine fraud but not really a wine investment one. Agreed Premier Cru is a big one.

Bob Rossi said...

Jim, I'm sure there have been US wine investment scams that I haven't heard about. And I wouldn't be surprised if they targeted the medical profession, since, as Willie Sutton said when asked why he robbed banks: "Because that's where the money is."