Two UK citizens indicted in US over multi-million scheme run from London and HK

Mark Battersby
clock • 3 min read

Two UK citizen defendants allegedly caused investors to invest over $99m in sham loans purportedly collateralised by valuable bottles of wine, the US Department of Justice said in a statement on 1 March. It said an indictment was filed on 28 February in federal court in Brooklyn charging Stephen Burton, aged 57, and James Wellesley, aged 55, both citizens of the United Kingdom, with wire fraud conspiracy, wire fraud and money laundering conspiracy in connection with a scheme perpetrated through their company, Bordeaux Cellars. Bordeaux Cellars was the trade name for two private limite...

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