En primeur wine scammer jailed over £1m fraud

21 January, 2011

A wine investment company director has been imprisoned for seven-and-a-half years for fraud.

Benedict Moruthoane, of Raleigh Drive, Barnet, north London, and Oseghale Hayble, of Battalion House, Colindale, north London, set up and ran Templar Vintners and defrauded en primeur wine investors out of almost £1 million. Moruthoane was sentenced at St Albans Crown Court.

He was also a director of International Wine Commodities, which pretended to have an affiliation with the International Wine Challenge and fraudulently advertised a logo on its website. It also used the IWC acronym.

Trading as IWC, Moruthoane and Hayble conned £800,000 out of customers and Templar Vintners defrauded investors of £100,000.




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Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

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