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.

Diamonds can be for never – don't be duped!

Diamonds aren't necessarily an investor's best friend!

'Fraudsters used 'sucker list' to sell fake diamonds to victims with marks-ups of 2,800 per cent to fund luxury lifestyle in Marbella

• Gems dealers made £1 million duping investors into buying diamonds

• All the gems had been purchased out of a mainstream diamond catalogue

• Gang, due to be sentenced next week, added mark-ups of up to 2,800%

• One retired victim used his life-savings to buy gems for £140,000 but they were only worth £10,000'

Report in the Daily Mail of recent fraud trial at The Old Bailey involving diamonds with fraudsters now facing jail while investors have lost life savings. Sentencing on 27th September. Read rest here.  

See also report in Eastbourne Herald. 

Wine investment scams often linked to offers of 'investments' in diamonds, biofuels, carbon credits, plots of agricultural land on promise of rezoning etc. 

Also beware of companies, like Ethical Elegance Ltd, offering to swop assets such as wines for coloured diamonds.