A British businessmen who conned more than 190 people in a £71million wine scam has been jailed for 10 years.
James Wellesley, 59, worked alongside Stephen Burton, 61, to ‘prey on investors’ and dupe wealthy clients into spending tens of millions on fine wine that never existed.
During their two year Ponzi-style scheme – which saw them using fake names, amassing fake passports and hoarding bars of gold – the swindlers schmoozed in classy circles across the world.
They then tricked investors into giving the con-men loans that were secured against what was advertised as a stockpile of expensive wine.
The pair said this
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