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Wine has long been held as the cornerstone of modern upper-crust meals. It is the ambrosia of the gods, the drink of the wellborn, the manna of the elite. While the various meals and dishes serve as the different aspects and foundation of fine dining, the wine is the center that fastens the distinct tastes and textures together, infusing a generous and altogether pleasurable result of gourmandizing.
It is with little surprise that with such promising a resume, wine has become a status symbol for the wealthy and successful. While connoisseurs and bon vivants indulge freely and lavishly on their famed poison of choice, wine has also attracted a variety of people …show more content…
Like art, a number of these libations increase in cost as the wine ages. There is a very select audience for these types of products, but those who do participate are always willing to cough up the dough in order to attain these collectibles. Scandal in the wine world is nothing unusual, but the fast growing interest and increasingly global nature of the enterprise has perpetuated and exacerbated the problem. Typical to this sort of criminal activity is to both dilute the wine and forge the label, making it the most expensive type of fraudulency in the industry. The most widely documented case of wine investment industry fraud is that indicting Rudy Kurniawan. Kurniawan, or Dr. Conti as he was known as the darling purveyor of the wine scene, was found guilty of purchasing lower valued wines and re-selling them both privately and at auctions as authentic vintages. Between the years of 2004 and 2006, Kurniawan fell into a fast crowd that frequented wine cellars and participated highly in the wine scene. When an opportunity to re-use empty bottles of expensive vino arose, Kurniawan grabbed onto it and operated a counterfeiting factory in his home. Millions of dollars worth of wine were sold at big auction houses such as Acker, Merrall, & Condit in NY and HK, as well as Spectrum Wine Auctions in