A California wine dealer described by prosecutors as the operator of a “fake wine factory” was found guilty of scheming to sell counterfeits of rare vintages purportedly worth more than $1.3 million to collectors including billionaire William Koch.
Billionaire collector William Koch, after waging a $17 million legal battle over 24 bottles of counterfeit Bordeaux, was awarded $12 million in punitive damages by jurors, some of whom shook his hand after court.
Billionaire William Koch won a fraud lawsuit in which he claimed a consigner sold him 24 counterfeit bottles of wine from France’s Bordeaux region and may get punitive damages as the jury resumes deliberations.
When most people get a bad bottle of wine, they send it back. When billionaire collector William Koch concluded the vintage wines he bought at auction were counterfeit, he made a federal case out of it.
A former employee of William Koch can refile a lawsuit alleging the billionaire energy-company executive held him captive at a Colorado ranch, ruled a judge, who said it’s “not a case that’s just going to go away.”
Energy billionaire William Koch is developing a private Wild West town, with a saloon, jail and train station, high in the Rocky Mountains in a region pockmarked with ghost towns that died when the mines that supported them played out.
William Koch held a senior executive of his Oxbow energy company captive for almost two days after discovering his concerns about a plan to avoid U.S. taxes on $200 million in profit, the now ex-employee said in a lawsuit.