Man Found Guilty of Wine Fraud Totaling More Than $1.5 Million
The fake wine company director was convicted on all counts.
A man in the United Kingdom has been found guilty of defrauding clients into investing into a bogus wine company. According to Decanter, 44-year-old Spyros Constantinos posed as director of the fraudulent company, stealing 1 million pounds ($1,574,450) from investors. Rather than spending the money on any actual wine, he used it to book extravagant vacations and high-end shopping sprees at Harrods and Selfridges.
Although Constantinos was banned from being a UK company director after the collapse of his first wine company in 2008, he used aliases to continue to act as…