Fraudster Spyros Constantinos guilty!

Excellent breaking news!

43-year-old Spyros Constantinos was found guilty this afternoon at London's Old Bailey of defrauding investors for around £1 million. The jury found him guilty on all ten counts – six relating to fraudulent trading including running a fraudulent business and intent to defraud and four offences of acting as a director whilst disqualified.

Sentencing will be in around 28 days time – hopefully Spyros Constantinos will receive a substantial prison sentence.

More to follow shortly.  

Spyros Constantinos, 44, at the Old Bailey (London)

 Report from the MailOnLine 

'Banned company director 'swindled investors out of £1million in wine scam and spent it on fancy chocolates, shopping sprees at Harrods and Selfridges, holidays to Disneyland'

• Spyros Constantinos, 44, was banned from running a company in 2008
• But he 'squirmed' around restriction to continue wine business, it is said
• He convinced customers to invest life savings in luxury wine portfolios
• And used the money to pay for flights and shopping sprees, it is claimed   

By Stephanie Linning for MailOnline

Published: 16:38 GMT, 2 June 2015 | Updated: 18:07 GMT, 2 June 2015

Read more: http://www.dailymail.co.uk/news/article-3107687/Banned-company-director-swindled-investors-1million-wine-scam-spent-fancy-chocolates-shopping-sprees-Harrods-Selfridges-holidays-Disneyland.html#ixzz3cSeN9uwX
 

Also Drinks Business here.

 

Spyros Constantinos is banned from being a UK director from 21st July 2007 to 20th August 2017. His address on Companies House list of disqualified directors is: 

Apartment A1-2-6 Urbanization Andalucia, Calle Las Vedras, Marbella, Malaga
Spain

The UK company ban is in connection with his first wine investment company Bordeaux Wine Consultancy Ltd.