Wine scam trial reaches final verdict
- Thursday 18 August 2011
A jury could not reach a verdict on 52-year old Robin Grove’s role in Vintage Hallmark, which defrauded mainly Canadian and American investors of £30 million.
Fellow defendant, Richard Gunter, has already received five years imprisonment for his part in the scam in addition to more than four years for a similar wine investment scam, Vintage Wines of St Albans.
Investors were promised high rates of return over relatively short periods of time including a 50% return over 10 months from investments in Champagne and a 110% return over three months from investment in whisky.
While Grove has been acquitted, he remains disqualified from acting as a company director for a period of 15 years and is forbidden from undertaking investment business in the UK.

Decanter World Wine Awards









Have your say!
No comments posted. Be the first by posting yours below...