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British man accused of swindling nearly $100 million in wine fraud case pleads not guilty

British man accused of swindling nearly $100 million in wine fraud case pleads not guilty

A British man accused of allegedly defrauding investors of nearly $100 million through a Ponzi-like scheme involving nonexistent luxury wines pleaded not guilty in a U.S. court on Saturday. Stephen Burton, 58, was extradited to New York from Morocco on Friday to face the charges after he was arrested in 2022 after entering that country using a fake Zimbabwean passport, authorities said. Federal prosecutors said that Burton, along with a co-defender, ran Bordeaux Cellars, a company they said brokered loans between investors and high-net-worth wine collectors. Burton pleaded not guilty to the indictment which was filed in 2022 and was…
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