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Wednesday, 25 August 2010

Finbow Wines: SIFMA warning

I understand that Michael Adams and Frank Benson are continuing to contact previous clients of Finbow Wines and offering them deals to assist them recover money invested in Finbow. Apparently one elderly Finbow investor has been stung for a further £15,000 by people claiming to act for SIFMA.  It is clear that Adams, Benson etc. have full details of Finbow's clients. I understand that SIFMA (The Securities Industry and Financial Markets Association) are not involved in any way. 

If contacted by Michael Adams, Frank Benson or anyone else purporting to represent SIFMA do not agree to their proposals, which are likely to involve further payments to recover Finbow monies. Instead report full details to both your local police, informing them that Finbow Wines is under investigation by the Metropolitan Police and also to file a report on Action Fraud ( 



  1. How cant the people from Finbow be so stupid, so greedy and callous

    any way they have now literally hung themselves

  2. Anon. It is quite possible that those pretending to be from SIFMA are associated with Finbow. Certainly they appear to have details of what Finbow's clients 'invested' in the company. It is, however, not entirely certain that they are the same people who were involved in Finbow. They may just have bought the list.

    Whatever the position this looks to be a classic 'white knight' operation where the poor punter is duped again with further wallet thinning proposals.

    Finbow clients should reject these proposals however plausible they may sound.

  3. Hey Jim, i want to know the updates of this issue. is there any decision taken in this matter or the case is still going on?

  4. As far as I understand the police are continuing their investigations into Finbow and Nouveau World Wines. As yet no charges have been made and those arrested earlier this year are due to return to court in October.