Brit guilty of $100m fine wine fraud
British man James Wellesley pleads guilty in $100m US fine wine scam trial.
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A British man who ran a fake fine wine investment scheme that tricked investors out of nearly $100 million has pleaded guilty in the US, marking the latest chapter in one of the industry’s biggest fraud cases.
James Wellesley, 59, admitted his role in the scam during a hearing in Brooklyn federal court on 7 October, according to Bloomberg. He had fought extradition for several years before being transferred from the UK in July 2025.
Prosecutors said that between 2017 and 2019, Wellesley and co-defendant Stephen Burton used their company, Bordeaux Cellars, to lure investors with promises of high-interest loans secured against rare wines. In reality, neither the collectors nor the bottles existed.
Burton pleaded guilty in July to wire fraud and money-laundering conspiracy and will be sentenced in January. Wellesley’s lawyer has declined to comment.
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