Mayfair Cellars Fraud.  Add/Read Comments

Well this is a shock. Mayfair Cellars, a great little merchants who also handles Jacquesson champagne has been hit by massive internal fraud.

Mayfair Cellars
"London fine wine merchants Mayfair Cellars has collapsed with the loss of hundreds of thousands of pounds – the victim of a massive internal fraud. decanter.com has learnt that a senior member of staff, who cannot be named, fraudulently sold some £700,000 of top Bordeaux and Burgundy over the course of four years. The total replacement value of the wines stolen could be as much as £1.25m, senior buyer Alex Hunt said. The wines were first growth and other top Bordeaux, and Burgundy's Domaine de la Romanee Conti. Mayfair Cellars will not survive the blow. Its main line Champagne, Jacquesson, has lost many thousands and will be seeking other representation, Hunt said."