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.




Bookmark this


Site Search

COMMENT

Reasons to be cheerful

I would like to think my outlook on things is generally optimistic. Perhaps that’s a natural consequence of working with something designed to give pleasure. But recently it has become increasingly difficult to ignore a creeping sense of negativity pervading the British wine trade.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter