[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
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
Featured
Pro-Russia leaders' election in Ukraine's east shows bloody conflict is far from a peaceful resolution.
Critics challenge Canberra's move to refuse visas for West Africans in Ebola-besieged countries.
A key issue for Hispanics is the estimated 11.3 million immigrants in the US without papers who face deportation.
In 1970, only two mosques existed in the country, but now more than 200 offer sanctuary to Japan's Muslims.
Hundreds of the country's reporters eke out a living by finding news - then burying it for a price.