Wine fraud on the rise in Hong Kong

Article from The Drinks Business:

Hong Kong’s booming wine sector has led to a surge in illegal wine activities, from wine theft to investment frauds, writes Jessica Lam Hill Young.

Local media recently reported the largest wine fraud scheme in Hong Kong this June, involving a wine broker company called Premium Liquid Assets, which swindled over 400 people out of HKD$50 million by advertising a 10-30% investment return on en primeur wine. 

Click on Drink Business above to read the rest. 

See also earlier post on investdrinks here.