"A pensioner who ploughed 40,000 into a fraudulent wine investment scheme has warned others not to fall for similar scams after three men were jailed. Terry Fleming, 81, from Croxley Green, Hertfordshire, said he invested the money over two years believing he would make a profit, but eventually had to sell the bottles at a considerable loss. Three men who stole at least 6m from 41 victims in the scheme were given prison terms to at St Albans Crown Court on Friday."
"Mr Fleming said the scam "sounded believable" but the men only "cared about how much money they were going to make". Benjamin Cazaly, 43, of Coach House, Orpington, south-east London, was jailed for six and a half years; Dominic D'Sa, 46, of Oxford Avenue, Wimbledon, south-west London, for four and a half years; and Gregory Assemakis, 40, of Plaistow Grove, Bromley, south-east London, for three and a half years. They had been found guilty of fraudulent trading in August."
An 81-year-old pensioner invested 40,000 into a fraudulent wine investment scheme and later sold the bottles at a considerable loss. Three men were jailed after being found guilty of fraudulent trading for stealing at least 6m from 41 victims. The firm, Imperial Wines of London, claimed to be a family-run investment house with offices in Paris and Hong Kong but operated as a call centre in Groveland Court. Hertfordshire Trading Standards found 37m passed through the company's accounts over ten years. Cold callers used fake names, scripts and glossy brochures misusing Daily Telegraph and Financial Times logos. The office displayed the mantra "no means yes" and used films to learn manipulation tricks.
Read at www.bbc.com
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