"Three men were convicted for stealing £6 million from 41 victims through a fraudulent wine investment scheme, overcharging pensioners by 400% and manipulating them."
"They misled pensioners into believing their investments were safe, while the company operated as a front, using deceptive practices to persuade them."
"The operation used psychological tactics, employing call scripts and a 'no means yes' philosophy, revealing a systematic approach to defrauding victims."
"The scheme led to significant emotional distress for the victims, many of whom lost their life savings due to these criminals' deceit."
Three men were convicted of overseeing a fraudulent wine investment scheme that stole at least £6 million from 41 victims. The scheme, which operated for over a decade, targeted pensioners, convincing them to invest their savings into wine with exaggerated promises of high returns. Investigations revealed overcharging of more than 400% and a façade of legitimacy maintained by glossy marketing materials. The real operations were conducted from a call center in London, using manipulation techniques. The impact on victims was severe, with many losing their life savings and experiencing significant emotional distress.
Read at www.bbc.com
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