Wine fraud: banned director jailed after million pound con

This sentence, handed out by a judge at London’s Old Bailey court this week, follows Constantinos’ conviction on 25 June on 10 counts that included running a fraudulent business, intent to defraud and acting as a company director while disqualified. His trial lasted three weeks and was brought by Tower Hamlets Trading Standards. An eight-year jail sentence is in the upper range of sentences given to wine investment fraudsters over the last decade. Constantinos compounded his fraudulent activities by running companies while banned as a director.

Reblogged 1 year ago from www.winebiz.com.au

Wine judges set to taste over 1,300 wines

Wine judges set to taste over 1,300 wines at one of NZ’s largest wine shows. Year-on-year growth in entries has seen the New World Wine Awards become one of New Zealand’s leading wine shows, with a record 1,332 entries this year. At this scale, the independent judging panel of 13 wine experts will be required to blind-taste up to 120 wines each per day over three days from 3-5 August.

Reblogged 1 year ago from www.winebiz.com.au

Central Otago’s new twelve-day wine celebration

Labour Weekend will mark the opening of the first annual ‘Down to Earth’ celebration of wine in New Zealand’s Central Otago region, set to run from Saturday 24 October to Wednesday 4 November 2015. This inaugural hands-on Celebration will give wine enthusiasts the chance to be immersed in uniquely interactive experiences only on offer during these special twelve days; many of which guarantee one-on-one time with renowned winemakers.

Reblogged 1 year ago from www.winebiz.com.au

Cask wine consumption dropping but Queenslanders still love goon

QUEENSLAND has been given the dubious title of being the nation’s biggest goon drinkers. Despite being considered the beverage of bogans and cash-strapped youths, it is pensioners who are buying the most cask wine. New research from Roy Morgan shows that of the 45 per cent of Australians who drink wine, almost 16 per cent love their goon. Queensland is above the national average with 18 per cent of wine drinkers opting for chateau d’cardboard.

Reblogged 1 year ago from www.winebiz.com.au

Wine industry law firm says wine industry is at a crossroads

Wine industry law firm Finlaysons says many Australian wine grape growers and wine makers are considering their financial future, and are thinking about succession planning, expansion, finding an investor or putting up the for-sale sign. The company started a series of national workshops in Western Australia’s Swan Valley wine grape growing region today and will conclude the WA-leg of the trip in Margaret River tomorrow.

Reblogged 1 year ago from www.winebiz.com.au

Grapegrowers look to sell amid “vicious cycle”

A high proportion of grapegrowers are looking to sell long-held family vineyards, say industry insiders, amid continuing poor profitability for some South Australian operations. The Winemakers Federation 2015 vintage report shows that on average just one per cent of the crop from South Australia’s Riverland was sold at profit this year. The vast majority of the crush – 92 per cent – was sold below the average cost of production, four per cent broke even and three per cent turned a “low profit”.

Reblogged 1 year ago from www.winebiz.com.au