Billionaire Koch Makes Fake Wine Claim Into Federal Case
When most people get a bad bottle of wine, they send it back. When billionaire collector William Koch concluded the vintage wines he bought at auction were counterfeit, he made a federal case out of it.
Koch purchased what he thought were French wines from the Bordeaux and Burgundy regions, some dating to Napoleonic times and the Belle Epoque, he alleged in a 2007 complaint filed in federal court in New York. He claimed that Eric Greenberg, the founder and chairman emeritus of Scient Corp., who’d consigned the wines, defrauded him.
Koch initially said 36 bottles that he bought at New York- based Zachys Wine and Liquor Inc. in 2004 and 2005 for about $500,000 were counterfeit. Last week, he pared back his claims to 24 bottles for which he spent about $350,000.
Given a choice between a free market capitalist, and what they would like to see regarding federal governance, and George Soros, who owns the democrat party, and what he wants to do with America, I think the choice is a no brainer for Pro-Americans.
Good, what a DA to spenf 500k on wine and get cheated. Good. I thought these guys know what they're doing. Gee, can't pay a litle extra income tax, but got the extra to buy a 1/2 mil of wine.
Probably what really happened is Koch couldn't resell for double and can't admit he made a mistake.