Wine investment fraud warning

Hundreds of investors have fallen foul of fraudsters offering lucrative returns on vintage wine stocks, an expert said yesterday.

Jim Budd, who runs www.investdrinks.org, said the similar ruses have been used with French wines, champagnes and whisky to cheat people for more than a decade.

Scotland Yard officers raided the offices of Nouveau World Wines, based in Bromley, south-east London over an alleged 3m international fraud.

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