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

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

Friday, 10 August 2012

The bouncing cheques of Cave Privée (Groupe 1855)

1855 declared an 'arnaque' (fraud) by France2 

The 1855 group appears to be getting itself further into the mire. Cheques sent by Cave Privée to reimburse customers for undelivered wine are now bouncing as this post by Olivier on La Passion du Vin explains. The cheque was for 400 euros. Hardly a huge sum for the group, which has apparently had an injection of 7.5 m euros in additional capital recently  


'Alors là, chapeau bas! 

Je pensais avoir tout vu mais non... CP est capable d'encore plus ! 

Après avoir attendu des mois et des mois mes vins, j'ai enfin réussi à être remboursé en me déplaçant pour venir chercher un chèque...où il manquait 4 euros !
Très gentiment, on me les a donné en liquide...
Et 2 semaines plus tard, lettre de ma banque me retournant le chèque qui s'avère être sans provision !!! C'est grandiose ! Mais de qui se foutent-ils ?'

The consequences of bouncing cheques in France can be quite severe and expensive as this link explains.

If cheques for small sums like 400€ bounce you have to wonder whether the 1855 group is trading while insolvent. 

Following thin trading yesterday shares in 1855 closed down one cent at 0.03€ a share. 


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