Latest news and stories about wine investment in Portugal for expats and residents.
It grew on the back of debt, amassed millions' worth of wine only on paper and left clients without guarantees. Oeno's accounts reveal longstanding weaknesses that help explain the collapse and the risk of losses.
With wine, if you don't make money from it you can at least drink it. Quite another matter is investing in bundles of wine as if they were shares. That's what Oeno was offering its clients. Column by Pedro Garcias.
London City Bond is holding 21,000 cases of wine stored by the luxury wine broker that allegedly defrauded hundreds of Portuguese clients — an amount insufficient for them to recover their investments.
PRESS REVIEW || In Portugal there is already at least one formal complaint filed with the Polícia Judiciária (Judicial Police) and an organised group of victims.
