David Ingram of Grant Thornton UK LLP, the appointed liquidator of Bordeaux Fine Wines Limited ("BFW") has a portfolio of 478 cases of high end fine and rare wines for sale, including 2001 Le Pin and 2000 Mouton Rothschild.
BFW used cold calling and aggressive sales tactics to sign victims up to its scam and failed to purchase sufficient wines to satisfy the orders placed by hundreds of investors. After an investigation by the Insolvency Service BFW was placed into provisional liquidation in January, with claims by investors so far totalling an estimated £30,000,000.
Jo Swinson, customer minister, said ‘This is a particularly disgraceful scam as it not only preyed on older people trying to maximise their savings, but also targeted their sincere desire to make ethical investments’.
David Ingram has said: “The scale of losses by investors in BFW is shocking. I have spoken to several investors and am appalled by the sums involved. Many of the investors that I have spoken to have lost very significant sums of money, which would have otherwise have been used to secure their retirement. BFW has changed that for many people, ruining what should be a contented retirement.”
You can find out more about this particular type of scam and how David Ingram of Grant Thornton UK LLP could potentially help by following the link here.
David Ingram has, since his appointment, identified approximately 1000 bottles of high end fine and rare wine owned by the Company and has to date sold 302 cases to Bordeaux Index and is now selling the remaining 478 cases for the benefit of the liquidation estate.
Please note that the liquidator will only be accepting bids for either BFW001 or BFW002 in their entirety, or the job lot.
Therefore, should you be interested in making an offer to purchase this wine or purchased wine through BFW and wish to make a claim, please contact Matt Vines or Alex Taylor by 10 October 2014, email@example.com firstname.lastname@example.org.
Written by Decanter