The $99 Million Bordeaux Cellars Wine Fraud: Inside the Scam
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James Wellesley and Stephen Burton orchestrated a $99 million Ponzi-style scheme through Bordeaux Cellars, falsely promising investors high returns from loans secured by rare wine collections. They claimed to hold over 25,000 bottles but possessed only 217. The scheme collapsed in 2019, leading to their arrest and guilty pleas in 2025. Wellesley faces up to 12.5 years in prison, while Burton awaits sentencing in January 2026
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