World News@lemmy.worldEnglish · 5 days ago

Hundreds lose life savings in whisky barrel scam

www.bbc.com

cross-posted to:
[email protected]

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Hundreds lose life savings in whisky barrel scam

www.bbc.com

HellsBelle@sh.itjust.works to

World News@lemmy.worldEnglish · 5 days ago

cross-posted to:
[email protected]

Cancer patient lost life savings to whisky barrel scammers

www.bbc.com

Jay Evans was among hundreds duped into ploughing millions of pounds into casks that were overpriced or did not exist.

Investors buy a cask of whisky when it is first produced and then hope that it rises in value as the spirit ages in the barrel.

It takes three years for spirit to become Scotch whisky in a cask, and investors are encouraged to keep barrels for up to 10 years or more to maximise returns.

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4 days ago
Sure, sure, “evaporate”. Your secrets safe with us :D

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