The growing popularity of wine investing has led to a surge in fraudsters. Make sure you don't get caught out.
Wine fraud is arguably one of the oldest cons around. For years, fraudsters have swapped the labels on cheap bottles for more high-brow names. Now, as the popularity of investing in fine wine continues to grow, so too does the number of con artists looking to take advantage. Investing in fine wine has become popular over the past decade as investors seek alternative shelters for their money away from the ups-and-downs of the stock market. A recent BBC investigation estimated that as much as £100m may have been lost by investors over the past four years, making this form of investme...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes