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John E. Fox, who admitted to running a $45 million wine Ponzi scheme from his store, Premier Cru, on University Avenue, will be released from federal custody tomorrow, almost two years earlier than expected. Fox was sentenced in December 2016 to 78 months in prison or 6.5 years.
John Fox, the wine shop owner who admitted to conducting a two-decade long, multimillion-dollar wine Ponzi scheme, was released Feb. 23 from North Carolina’s Residential Reentry Management (RRM) Raleigh facility after serving four years of his six-plus year sentence for wire fraud.
Long-Running Fraud Cost Victims Millions of Dollars. In 1980, a California man named John E. Fox opened a wine store near San Francisco called Premier Cru. More than a decade later, when the...
John E. Fox, who admitted to running a US$45 million wine Ponzi scheme through his store, Premier Cru, is scheduled to be released from federal custody this week – a year earlier than expected.
John Fox cheated his Premier Cru customers out of $45 million in a Ponzi scheme and used some of the money to fund a lavish lifestyle. The former owner of bankrupt retailer Premier Cru, who defrauded customers out of millions of dollars in collectible wines, now faces probation and...
John Fox, the wine store proprietor who admitted to conducting a Ponzi scheme for two decades, was sentenced in federal court yesterday to six and a half years in prison.
Journalist Frances Dinkelspiel, Assistant U.S. Attorney Benjamin Kingsley, and FBI Special Agent Scott Medearis discuss the benefits and burdens that ordering wine pre-arrival gave John Fox in...
