Bankrupt Calif. Store Owner Cops To 'Phantom Wine' Scheme

By Martin O'Sullivan ( August 12, 2016, 3:54 PM EDT) -- The owner of a bankrupt wine shop on Thursday admitted in California federal court to taking customer money under the guise that he was selling wine in advance of its arrival from Europe, when in reality he was peddling "phantom wine" and pocketing the cash....

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