Fake Online Wine Company Cheats Investors out of £1 Million

Investors in Le Bordeaux Wines Ltd are just learning  that they have been the latest victims in a high-level wine scam. The Staffordshire Newsletter reports that police are investigating the London-based internet “company,” which sold wine that didn’t exist. Though the company’s website is now defunct, it is estimated the scam pulled in over £1 million from 20 to 30 international investors since its conception in 2012 . A 25 year-old man has been arrested in connection with the conspiracy. [Staffordshire Newsletter]