When an investment fraud is discovered it can transpire that completely different investments have come before it.
If researching a company offering an investment consider caution if it appears they are an expert in numerous areas such as wine, diamonds, land, carbon credits, precious metals etc. An old saying comes to mind "Jack of all trades and master of none."
A Wanstead businessman, who claimed to trade in fine wines but instead conned investors to fund a lavish lifestyle, has been sentenced to five-and-a-half years in prison for a £350,000 fraud. Jonothan Jeremiah Piper, 30, who owned Embassy Wines UK Limited and previously traded as a land and diamonds salesman, pleaded guilty to failing to pay tax and National Insurance on his earnings for six years and of conning investors out of thousands of pounds. HMRC investigators discovered Piper had been living the high life, first as a land broker and diamond dealer and later as a wine merchant, despite his claims that he was living at home with his parents and not earning.