John Fox

John Fox, owner of once-leading wine retailer Premier Cru, admitted scamming at least $45 million dollars from his customers. As part of the massive Ponzi scheme, an estimated 4,500 customers paid some $45 million for pre-arrival wines (“futures”) they did not receive. Thanks to his plea agreement, Fox is facing six years in Federal prison instead of 20 years, and has agreed to pay restitution to the victims.