$99 Million British Wine Fraud

A British man, Stephen Burton, has been extradited to the U.S. to face charges in an alleged $99 million wine fraud scheme. He was arrested in Morocco with a fake passport and is charged with wire fraud conspiracy, wire fraud, and money laundering conspiracy, to which he has pleaded not guilty. The scheme, operated through a company called Bordeaux Cellars, involved fraudulent investments and loans secured against non-existent fine wine collections.