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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (127134)12/26/2016 12:59:05 AM
From: Elroy Jetson  Respond to of 217689
 
"Sour Grapes" is a fun film.

Bill Koch found he had purchased at least $4 million worth of fine wines which his investigators and scientific experts had documented as fakes. But this just the tip of the iceberg.

The market for fine costly wines, especially for older vintages is flooded with fakes.

The main faker in this film sold people a taste of fine wines at his paid drinking parties. After the party he would refill the bottles with something else and sell them on at auction.



To: carranza2 who wrote (127134)12/26/2016 1:38:24 AM
From: Elroy Jetson  Respond to of 217689
 
As "Sour Grapes" progresses, we find the fake wine is a family business with his brothers and extended family in Hong Kong and Indonesia, some of them criminals who had fled China after committing financial crimes.

While the market for wines sold by "Rudy Kurniawan" is dead in America and elsewhere, the Tan family's fake wine business (his actual name) appears to continue apace in Hong Kong and other locations where fine wines are wanted far more than they're actually available.

Rudy is scheduled to be released from prison on November 23, 2020.

It reminds me of visiting Guadalajara in 1980. It was a city with a new shopping mall where every label and fine good was available for prices which were far too low not to be counterfeit goods. One of the most amusing businesses was a restaurant across the street - "Crazy Chicken" a perfect knock-off of an "El Pollo Loco" fast-food restaurant except the sign was in English - and "El Pollo Loco" had not yet expanded into Mexico.

All the stores did a huge turn-over providing many Mexican who had previously worked in America, good they had become accustomed to.