Kurniawan arrest tip of the iceberg, say Koch and Frye
Kurniawan arrest tip of the iceberg, say Koch and Frye
Mar 27, 2012 6
(Decanter) - The arrest by the FBI of Rudy Kurniawan is not enough to deter the tide of fake wine, alleged victims of counterfeiting say. Kurniawan, who is accused of several counts of financial and mail fraud relating to the sale of counterfeit wine which if real would be worth US$1.3m, is also named in several lawsuits brought by those who bought wine – mostly at auction – subsequently determined to be counterfeit.
‘This is nowhere near the end of the story,’ said Brad Goldstein, a spokesman for William Koch (pictured), the billionaire collector who has six different lawsuits or appeals running against retailers, vendors and major auction houses including Kurniawan, Christies and Acker Merrall & Condit, and collector Hardy Rodenstock, for allegedly selling fake wines.
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