He was sentenced to six and a half years but is getting out two years early.
Premier Cru: The Berkeley wine store built on a Ponzi scheme
Posted inBusiness, City, Crime, Crime & Safety, Nightlife, Nosh
Wine store owner sentenced for $45M Ponzi scheme
John Fox, who confessed to running a wine Ponzi scheme from his Berkeley store, Premier Cru, was sentenced to six and a half years in prison for his crimes.
Posted inCrime, Crime & Safety, Nightlife, Nosh
Ponzi mastermind’s help may lead to short jail time
John Fox, the former owner of Premier Cru, was not a very good criminal, according to the government, but his cooperation with them may see him served fewer years in prison.
Posted inNosh
At Premier Cru auction, a peek into major wine fraud
The contents of the Premier Cru office and warehouse in Berkeley will be auctioned off on Saturday, and they reveal much about John Fox, the former owner accused of a Ponzi scheme.
Posted inBusiness, Crime, Crime & Safety, Nosh
Premier Cru owner used coffee shop as hook-up HQ
John Fox, a lanky 66-year-old with fading red hair, used to meet scantily-dressed 20-year-olds at least two or three times a week at Artís Coffee on Berkeley’s Fourth Street.
Posted inCrime, Crime & Safety, Nosh
Premier Cru owner spent $900K on dates met online
For his combined crimes, John Fox probably faces a maximum of six and a half years in prison and is on the hook to pay $45 million in restitution.
Posted inBusiness, Nosh
How did Berkeley wine store accrue $70M in debt?
The owner of Premier Cru purchased much of his fine wine on the gray market.
Posted inNosh
Customers confront owner of bankrupt wine store
John Fox, the embattled co-owner of Premier Cru, faced some of his long-time customers at a creditors’ hearing in Oakland.
Posted inBusiness, Nosh
FBI is investigating whether Premier Cru ran a Ponzi scheme
For 35 years, Premier Cru, a retail store on University Avenue, was a place to which wine lovers turned to find Bordeaux and Burgundy at a discount. Advertising its wares as 10% to 15% lower than other high-end wine stores, Premier Cru drew customers from around the globe The company, owned by John Fox and […]