We have received numerous complaints from around
the world regarding the activities of Antony Evans and
Glennstewart International. Mr Evans advised one investor
that he was being investigated by the DTI and Serious
Fraud Office but we have no confirmation of this. He claims
the allegations against him are totally false but as one
investor from Singapore states "I think his claim that he
never induced anyone to buy casks of whisky on the
grounds that that person would make a profit is
preposterous. Why would anyone invest £20,000
In April 2002 Glennstewart suddenly changed its
name to LMDV Ltd with a registered office at 3rd Floor 10
Charterhouse Square ECIM 5LQ. Then last month we had a
phone call from Germany a Mr Antony Evans had surfaced
in Berlin trading from 140 Torrestrasse 11099 Berlin under
the name Le Monde Du Vin evidently selling whisky, cognac
and wine. We then had a phone call and letter from Mr.
Evans and we are pleased to hear that he has not been
soliciting any new clients since late 1999. He is evidently
trading from Prince Consort House 109/111 Farringdon
Road London ECIR 3BW. Telephone Number +44 (0)207
504 8355 and concentrating on retailing the whisky, wine
and cognac that he sold to his clients.
BREAKING THE WEB
WINE COMPANIES CLOSED DOWN AS INVESTORS LOSE MILLIONS
In our fourth issue in November 2000 we wrote: "So beware of the Bordeaux scam merchants, there are plenty about particularly on the net. Here are just a few: ASHLEY WITTER LTD. GOLDMAN WILLIAM LTD. STANLEY KNIGHT LTD.
PEMBRIDGE VILLERS LTD. CITY VINTNERS LTD. RANSBY HOARE ASSOCIATES LTD. LIQUID ACQUSITIONS LTD."
All have at last been closed down by the D.T.l. or have ceased trading but it has taken 18 months to achieve this. D.T investigators blame the complex legal system and in particular the lack of adequate powers to investigate fraudsters. In January 2002 two of the biggest operators City Vintners and Goldman Williams were finally closed down.
Both companies were run by Raun Austin, 34 years old from Surrey who set up a complex web of companies to launder the millions he acquired from the scam. He was a director of Salisbury Merchant Bank ,Registered in Grenada. The Bar 'helped' companies in difficulties who needed to raise capital directly as with Texas Oil and Gas or through its subsidiary Perthshire Leisure Plc was assisted by Stanley Reibeck Corporation, a wholly owned subsidiary, through Fiske Nominees took up 2,750,000 ordinary shares. The shares taken up in these placings were then offered to the public through share shops in Barcelona and South Africa.
In late July the SF0 raided 13 addresses in the U.K, Spain and Grenada in connection with their investigation into the wine scam and the developing Penny Share scam. Goldberg Kravitz, Hopkin Pierce Co Ltd, Reichman Advisory SA, Stanley Reibec Corporation, Webster Cohen Galembik though separate companies are all linked with Salisbury Merchant Bank and Raun Austin.
Like the whisky scam most of the investors who bought wine through City Vintners and Goldman Williams actually had title to the goods the problem was again they had paid two or three times what it was worth. In the main it was excellent wine Chateau Margaux 96 and Chateau Lafitte Rothschild 96 and it was claimed that it would grow in value by 10 to 15 per cent per year. But in reality if you pay 3 times what it is actually worth it would take many decades to make a profit by which time the wine would be well past its best.
As we reported in our last issue at one stage City Vintners and Goldman Williams were turning over 700,000 thousand pounds a month. By November 2001 it is reported that the two firms had made more that 19 million pounds from 1450
clients. Salesmen were earning up to 85,000 pounds in commission per month. Yet these companies should have been closed down months ago when it was painfully obvious that they were trading fraudulently.
IF ANYONE HAS INVESTED WITH CITY VINTNERS OR GOLDMAN WILLIAMS IN 2001 PLEASE CONTACT US
NOW WITH A VIEW TO PROCEEDING AGAINST THE D.T.I. FOR DERELICTION OF DUTY AND GROSS
July 2002 Newsletter