Leading US winery conned into buying fake wine

E&J Gallo, the leading US winery, has been conned into buying 18 million bottles of plonk which had been repackaged as pinot noir. In one of the most far-reaching scandals to have hit French vineyards in years, the executives from the Languedoc-Roussillon region were found to have made a €7 million profit through a fraud which lasted from January 2006 until March 2008. Overall, 13.5 million litres of fake wine were shipped to the US to be drunk by unsuspecting US consumers.

Read Article...

Like this story? Get our top stories by email.

User

73.6% of all statistics are made up

It is very common for firms (from small ones to prestigious ones) to take data and use it conveniently to make the point that they want to make. That’s why you can take most (no, we are not giving a figure here) statistics with a pinch of salt.

Read Article...

Like this story? Get our top stories by email.

User

Is the West a giant Ponzi scheme?

The government-bond market in the West may well be a gigantic Ponzi scheme. Most governments in the ‘developed’ world are drowning in debt, they are running mind-boggling budget deficits and printing money like there is no tomorrow. Under the guise of quantitative easing, their central banks are buying their own newly-issued debt.

Read Article...

Like this story? Get our top stories by email.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

online financial advisory
Pathbreakers
Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
online financia advisory
The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Online Magazine
Fiercely independent and pro-consumer information on personal finance
financial magazines online
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
financial magazines in india
MAS: Complete Online Financial Advisory
(Includes Moneylife Online Magazine)