Elderly wine investors scammed
The company cold-called prospective investors and persuaded them to hand over control of their collections to Embassy, which then sold them and broke off contact.
These “clients” were also made to pay fees before sales could be transacted. Victims took out bank loans, used credit cards and even cashed in pensions to pay the fees.
At least five peoplelost up to £300,000
At least five people lost up to £300,000 in the scam – one of whom lost £150,000 out of her life savings – which operated between June 2011 and October 2014.
Piper used the cash from the con to fund a lavish lifestyle and spent almost £90,000 on a BMW X6 and Range Rover Sport.