This article is another example of how a lavish brochure and the right spin/pressure can ensure a victim is parted with their money.
Whilst the people behind this company are due to stand trial it appears all the money has been spent and this feels little in the way of comfort or recompense.
Actions can be brought against third parties (such as the directors or family/friends who received money paid 'away' during the course of business) through a liquidation of the company to help brings funds back. This of course a last resort that only holds merit in some cases.
I only hope warnings about such scams continue to be delivered by support organisations and people become aware of the steps they can take to check a company's credentials. If you have an elderly relative or someone who may be vulnerable to such an approach ensure they know to talk about that phone call, letter, email or knock at the door with you.
A wine broker allegedly cheated elderly and vulnerable investors out of almost half a million pounds to fund his own lavish lifestyle, a court heard.Customers cold-called by Harry Mosley and his team lost entire portfolios or vast amounts of money having signed up to his company Optimum Fine Wine.They were promised financial profit in return for buying, swapping or selling wine through the firm initially bankrolled by his parents.He is standing trial for fraud at Maidstone Crown Court alongside two of his alleged cold-calling team, his 'right-hand man' Bradley Deadman, 23, and Lewis Hearson, 22, both from Tonbridge, Kent.