Watch out: wine investment scam cold calling

Just a quick alert. Beware of anyone cold calling selling wine as an investment. I know this sounds like obvious advice, but some people seem to ignore it.

Lionel Nierop, who runs Bid For Wine, told me that he’s discovered that a scam company had been cold calling consumers, selling wine as an investment while pretending to represent Bid For Wine (who don’t use any telephone sales techniques). This is quite scary for someone like Lionel, because if consumers paid for wine, and then it failed to materialize, he’d be left to pick up the pieces.

Jancis Robinson has written on the topic here.  And Jim Budd has bravely published a list of companies he wouldn’t buy wine from here.

Be careful who you buy your wine from.

63 comments to Watch out: wine investment scam cold calling

  • colm a

    i have received a bill from a wine company no list of wines purchased or prices.am i under any obligation to pay this bill as i may have inadvertently agreed purchase as this company is on list of those to avoid.Any help would be greatly appreciated. thanks to jamie Goodie for excellent website

  • Charles George

    I was cold called 3 times by “Silvermere ltd” today. The 1st time was only 10-15 minuets of corporate spin. I thought it sounded dodgy and to good to be true, so I refused. They wanted me to buy wines from “Vin-ex Wines”. They said they will send me a company publicity magazine next week, which I will put in the bin. The guy was called Ricky.

    A few hours later I was hit by 2 more cold corporate calls harassing me in to agreeing to buy the “Vin-ex Wines” wine and “Gray Eye Forestry” wood and forestry land plots. I said I was not interested, it sounded dodgy and slammed down the receiver. The guy was called Dan.

  • Charles George

    I was also called by a bloke called Albert yesterday, from “Grayson Consulting”. He wanted to do a consumer survey on my home continence insurance, life insurance and freezer warranties.

    I turned him down as his phone-line was very poor quality and he seemed a bit of a shifty sort by the way he spoke. Are they connected to “Silvermere ltd”, “Vin-ex Wines” and “Gray Eye Forestry”.

  • Charles George

    In relation to my 2014 brush with the “London Wine Exchange”, it’s now out of business. https://www.endole.co.uk/company/07882292/london-wine-exchange-limited

  • Martin b

    Hi all has anyone heard of a company called v c l vintners ltd .i have been pestered non stop by them for the last week or so promising huge financial gains by investing in there wines any help will be greatfuly received

  • Charles George

    APN had a young lad who sounded like Dan call up twice to offer me shares in a faking site. I refused since 80% profit is impossible.

  • Kev P

    Hi Martin B,i have been pestered via phone calls by VCL Vintners too over the last week or so.Is there anyone who can shed some light on this company please?Thanks in advance.

  • Kev P

    Just done a bit if research by cross checking company name changes/previous names using Company House website and Jim Budd’s list of companies he would not touch(see link at start of page)to find out anything about VCL Vintners LTD.They were originally Vine Investments Ltd AUG/NOV 2010 then changed name again to Vine Capital LTD NOV 2010 TO JULY 2016.Here is what Jim Budd posted about these company’s….
    Vine Capital Ltd: Founded 2.8.10. Previous name Vine Investments Ltd (changed on 17.11.10). Registered office 111 Buckingham Palace Road Victoria, Westminster, London SW1W 0SR – serviced office 16.6.11 ‘Vine Capital Ltd, one of the leading Fine Wine Commodity Brokerage’s in South East London & North Kent is now recruiting sales personnel’s to join their fast and expanding team.​’
    We expect all candidates who wish to apply to be; Target Driven, Money Hungry and Hard Working. ​ Experience in telephone sales is essential, however training is provided.​ Candidates with a proven sale’s track history will have a much greater advantage in being successful.​’ (Knowledge of fine wine not mentioned but previous experience of cold calling presumably an advantage.)

  • Charles George

    APN had a young lad who sounded like Dan call up twice to offer me shares in a fraking site. I refused since 75% profit is impossible.

  • Charles George

    Ever heard of Capital Management Services? A bloke called Derek called last night offering me shares in a “dynamic e-business development company” that had a 87% profit margin. To good to be true!…

  • Hello, Ive just had a cold call from a company called bwc a management company involved with fine and rare wine investment in London. Can you give me any feedback about this company and whether it is genuine or not?

  • Kevin

    I have been contacted by some guys in Dow and Jones trying to sell me wine investments. When I told them I was not interested and asked them to remove my contact information they became rude and when I told them in no uncertain terms I was not interested, they threatened me with the promise that I would be receiving “plenty more of these calls”. A couple of days later I received a further call from them and the guy was again rude and shouted at me to “SHUT UP” when he was hanging up. I am now receiving further calls from unsolicited companies. I will have to report them. Avoid Dow and Jones Wine Investment callers like the plague.

  • Stewart

    I received a call last week with a typical fast-talking greeting: “Hello it’s (unintelligible) from Dow & Jones, how are you today?”

    This raised my red flag and asked him to repeat his details. When I told him I’d never heard of his company, was registered with TPS and he shouldn’t be calling me, he insulted me.

    These are apparently wine scammers: avoid like the plague.

    Tip: if you answer a call and there is silence for more than two seconds, hang up immediately; this will save a lot of emotional energy.

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