[QODLink]
Americas

Man jailed over $30m vintage wine fraud in US

Top wine collector sentenced to 10 years in prison for making and selling millions of dollars of counterfeit beverage.

Last updated: 08 Aug 2014 19:20
Email Article
Print Article
Share article
Send Feedback

A man in the US once considered one of the world's top wine collectors has been sentenced to 10 years in prison for manufacturing and selling millions of dollars of fake vintage wines.

The Manhattan federal court in New York also forced Rudy Kurniawan, who was born in Indonesia, to pay $28.4m in restitution to compensate seven unsuspecting consumers.

Kurniawan, 37, was convicted by a federal jury last December of one count of mail fraud for creating and selling counterfeit wines, and one count of wire fraud for defrauding a financing company in connection with a $3m loan.

Judge Richard Berman said Kurniawan's victims lost close to $30m as a result of the scheme, which ran between 2004 and 2012.

Al Jazeera's Kristen Saloomey reports from New York.

127

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.