Wine fraudster Rudy Kurniawan sentenced to 10 years in prison

news  %tages Wine fraudster Rudy Kurniawan sentenced to 10 years in prison
One of the largest wine fraud investigations in description has seen Rudy Kurniawan sentenced to 10 years in a US prison for tricking collectors out of millions of dollars by selling them cheap copycats of well-known names.

New York judge Richard Berman also ordered Kurniawan to pay $28.4m to victims of his fine wine scam, after prosecutors spent recent weeks working to identify Kurniawan fakes in collectors' cellars.That is on top of the $20m that Kurniawan - also known as Mr 47 and Dr Conti - must forfeit to the court. It is unclear where the 37-year-ancient Indonesian will find the money given that he has spent two years in custody and earlier pleaded that he was too poor to pay more than a $12,500 fine.Defence lawyer Jerry Mooney is understood to have said his client will consider appealing the sentence, but that could not be immediately verified.A jury deliberated for less than two hours last http://1000-facts-about-wine.com December previous to convicting Kurniawan of building and selling counterfeits of some of the world's best-known wines, largely from Bordeaux and Burgundy, at the Los Angeles home he shared with his mother.The case was the first time the US Government has prosecuted anyone for wine fraud.Kurniawan initially told friends his wines came from a 'magic cellar' in Europe. But, during the trial, jurors were shown stacks of marks, corks, stamps and bottles seized from Kurniawan's house by FBI officers at the time of his arrest in 2012.Prosecutors described his home computer as 'a virtual ATM machine that printed out thousand dollar bills in the form of fake wine marks'.He blended wines in his kitchen sink, hidden from view by a foil-roofed window. Wines were then either sold privately or at auctions for several years prior to his eventual arrest.'Rudy Kurniawan plotted and executed an intricate copy wine scheme,' said Preet Bharara, US attorney for the Southern District of New York, where Kurniawan's trial and sentencing took place.'Now, Kurniawan will trade http://1000-facts-about-wine.com his life of luxury for time in the rear bars.' 'He is responsible for doing an incredible amount of hurt to the fine and rare wine market,' said Geoffrey Troy, president of New York Wine Warehouse and who said he was one of the first to become suspicious about Kurniawan. 'Frankly, his sentence was lenient based on the hurts,' he told Decanter.com.The defence has consistently argued that Kurniawan was only one player in a much larger wine counterfeiting scene, and that he only got involved to fit in. Kurniawan, who was known as Dr Conti because of his enthusiasm for Burgundy's vaunted Domaine de la Romanee-Conti, was also found guilty of fraudulently attempting to get a $3m loan.Summing up in court this week, judge Bermann described Kurniawan's heist as a 'bold, grandiose, unscrupulous but destined-to-fail con'. He said an example should be made of the wine dealer.Kurniawan, who has reportedly lost significant consequence in custody, was heard to say 'sorry' in court. A key question for many fine wine collectors http://1000-facts-about-wine.com now is where the rest of Kurniawan's fakes are lurking.Some in rank may yet emerge from billionaire collector Bill Koch, who bought many wines off Kurniawan. The Indonesian has agreed to pay Koch $3m in hurts and tell 'everything he knows' as part of an out-of-court litigation settlement.There are fears the pyschological hurt caused to fine wine buyers will be hard to reverse, but many of the major auction houses have cautioned that counterfeiting subdue represents a small part of the market and stringent checks are in place. 'People have been robbed of the joy that is ancient and rare wines,' said Maureen Downey, of Chai Consulting and who has inspected Kurniawan wines for several clients, including Koch. 'They simply do not trust the system. That is the real tragedy of this debacle.' See a timeline of coverage from the Rudy Kurniawan wine fraud trial

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