Mayfair Worldwide Trading etc: fraudsters jailed for duping wine investors out of nearly £1m

 Home page of Mayfair Worldwide Trading Ltd

 Mayfair Worldwide Trading Limited
– 'Trusted Worldwide' !!!!

Christopher Brummitt

currently on the run 

Press release: 5th April 2019

'A group of fraudsters were jailed for a combined 17 years and 9 months today for their part in an elaborate wine investment scam which conned nearly £1m out of investors, many of whom were elderly and vulnerable.

Adam Edwards, Barry Warner, Christopher Brummit, Tarik Drissi and James Brooks were today sentenced at Southwark Crown Court for their actions between 2013 and 2015.

The five men operated three fake companies - Mayfair Worldwide Trading Ltd, Commodex Global Limited and Winchester Associates Ltd. These companies claimed to be established fine-wine brokers based in prime locations such as Berkeley Square, Mayfair but were in fact based in industrial estate units on the outskirts of Great Dunmow in Essex.

The gang cold-called fine-wine investors from a ‘sucker list’, and through a series of aggressive sales tactics, managed to defraud a number of wine holdings from vulnerable victims. Once these had been obtained, they would be sold on to legitimate buyers, with the proceeds pocketed by the fraudsters.
Victims were then told a series of elaborate lies about the whereabouts of their money. Some were told that their wine had been reinvested into graphene, diamonds or gold.

Sian Mitchell from the CPS Specialist Fraud Division said:

“This was an unscrupulous gang who would go to great lengths to defraud elderly and vulnerable people out of their very valuable wines, many of which represented their savings for their retirement. One of the victims was a disabled man who, as a result of not receiving payment, was unable to buy a new wheelchair.

“They went to great lengths to legitimise their fraudulent activities - Mayfair Worldwide Trading issued a bogus press release claiming that the company had won the ‘2014 ID Times Trading Award for Best Asset Exchange Programme and the Internship Europe Excellence Award.’ Obviously, no such awards existed, and were designed to dupe innocent investors.

“We are delighted to have secured custodial sentences for this group, and will continue to prosecute those who think they can benefit from fraud.”

How the wine fraud operated

1.    Victim A is cold called by ‘David Barrington’ from Mayfair World Trading. Having in reality spoken to the defendant Adam Edwards, Victim A agrees to sell his wines to Mayfair Worldwide Trading (MWT) for £38,228 in a ‘graphene asset swap’, on the understanding graphene will be sold and the sum paid to him in 28 days
2.    The victim instructed LCB Bonded Warehouse to transfer wines to the account of MWT at EHD Bonded Warehouse
3.    A legitimate buyer, Vintners Fine Wine Merchants Ltd, agree to buy the wine for £27,470 and instructs EHD to transfer wines to them
4.    Vintners Ltd transfers payment of £30,970 for these wines (and £3,500 worth of other wine) to the bank account of MWT - none is paid to the victim.
5.    Having spoken to another employee with an assumed name ‘Peter Phillips’ and told there is a problem with the graphene market, Victim A is now told his wines will now be converted to diamonds and sold
6.    Having received no money and struggling to contact MWT, Victim A contacts the police to report the fraud

Sentences

• Adam James Edwards - 6 years plus 5 years Director’s Disqualification Order
• Barrymore Alexis Warner - 5 ½ years
• Tarik Drissi - 3 years
• James Robert Brooks  - 20 months imprisonment suspended for 2 years, 300 hours unpaid work
• Christopher Brummitt – Sentenced in absence – 3 years 3 months, 5 years Director’s Disqualification Order

Other details:

Sian Mitchell is a Specialist Prosecutor from the Specialist Fraud Division of the Crown Prosecution Service'

The successful investigation was a collaboration between Essex Police and the Met. 

Comment:
Good to see these fraudsters sent to jail. Hopefully Christopher Brummitt, who has fled, will soon be caught. However, would have liked to have seen longer disqualifications from serving as a director unless the disqualification period runs from time of release from prison. 

Mayfair's pack of lies

Wine investment scams: Court success for Essex Police

 Christopher Brummitt
sought by Essex Police for 

skipping bail prior to sentencing

An update on Mayfair Worldwide Trading, Commodex Global and Winchester Associates involved in wine investment and graphene scams

Success for Essex Police:  

 

Adam EDWARDS – Guilty – awaiting sentence (appearing in court for sentence in April 2019)

Barry WARNER – Guilty – awaiting sentence as above

Tarik DRISSI – Guilty – awaiting sentence as above 

This was following their Not Guilty pleas and jury trial at Southwark Crown where all three were found guilty of conspiracy to defraud victims of Mayfair Worldwide Trading, Commodex Global and Winchester associates.

James BROOKS – guilty plea at pre-trial hearing to criminal finance offences. Will be sentenced alongside others in April

 

Christopher BRUMMITT – guilty plea at pre-trial hearing to criminal finance offences, was given bail by court but has absconded. Essex Police are actively seeking him. He admitted the offences on November 7th 2018. 

Christopher Brummit, 36, of Ugley, Bishop's Stortford, was due to be sentenced on Thursday 14th February, for two counts of transferring and acquiring criminal property.

An Essex Police spokesman said: "The case relates to a fine wine scam between 2013 and 2015 where he acquired £157,000 of criminally gained funds and transferred over £72,500 of them.
"Brummit is 5ft 7ins, he has a tattoo of a zodiac star on his neck and Celtic and tribal tattoos on his arms. 

"He has a triangular symbol tattooed on his chest and a scar. He has links to Bishop’s Stortford." 

Anyone with information can call Braintree CID on 101 or Crimestoppers anonymously on 0800 555 111. 

Details from Essex Police and the