Giles Cadman

by Giles Cadman The Mirror keeps up its good work reporting on United Kingdom based Wine Fraud. Fine Wine Vintners Limited claimed to be “One of the UK’s leading fine wine traders” and boasted: “We combine financial discipline, market insight and wine knowledge to optimise returns.” In reality it used high-pressure coldcallers to con £1.5million […]

by Giles Cadman Vinance, a wine investment company, went into administration late last year. It had taken £5M from 1300 investors, and much of this appears to be lost. A report for administrators Herron Fisher says that Vinance had £3m worth of wine on its book when it collapsed, so there is still an estimated shortfall […]

by Giles Cadman – Venulum Ltd In a somewhat mischievously headlined article the Telegraph outlines how the FSA is about to introduce regulation of alternative investments including Fine Wine that are being “mis-sold” to three out of four retail customers. The Financial Services Authority is to clamp down on investments in assets such as fine wines and […]

by Giles Cadman – Venulum Ltd Regular readers will know I favour asset backed investments, rather than the kind of investment JP Morgan made when they lost $2b in six weeks. This view has been reinforced by the opinion of a senior investment writer for the Financial Times. Fine wine could become much more attractive […]

By Giles Cadman – Venulum  The New York Times runs an article on alleged Wine Counterfeiter, Rudy Kurniawan. On Thursday, Mr. Kurniawan, 35, was arrested on charges — filed in federal court in New York — of trying to sell fraudulent wines, which, if genuine, would have been worth $1.3 million, and also of counterfeiting wine. On a global scale […]

This is an interesting move by the FSA who have previously avoided mentioning Fine Wine, I strongly believe we are heading towards full regulation. As is well known one of our companies has already dealt with the SEC in the US and we consented to an order to ensure that we only market wine for […]