Whisky barrel scam cons victims out of life savings

Victims have been conned out of millions of pounds in a whisky barrel investment scam, a BBC investigation has found.
Hundreds of people were duped into ploughing their life savings and pensions into casks that were overpriced or did not exist, while some individual casks were sold multiple times to different investors.
The victims include one woman with terminal cancer who invested £76,000 and another woman who spent more than £100,000 on casks which experts say were only ever worth a fraction of the price they paid.
The BBC can reveal that police are investigating three Scotch whisky companies over fraud allegations, with investments running into the millions.
The market’s popularity has grown rapidly in recent years because of the reports of huge returns being made from rare whiskies.

Courtesy: BBC