Fox, 66, pleaded guilty to wire fraud last week, confessing in federal court that he defrauded customers out tens of millions in a multi-year Ponzi scheme he ran as co-owner of Premier Cru, a fine wine shop in Berkeley, Calif. Then he falsified purchase orders for the wine he never contracted to buy and entered them into Premier Cru’s inventory. Occasionally, he said, if a customer complained about non-delivery, he "diverted money coming in from current customers to obtain wine for prior customers who had never received their wine." The house of cards came crashing down in January, when Premier Cru filed for bankruptcy. The Yelp page for Premier Cru is still live and wine shop has a 1-and-a-half star rating.

Source: Fox News August 17, 2016 15:33 UTC