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Wine News

William Koch wins wine fraud case

A federal jury in New York on Thursday handed a legal victory to U.S. billionaire William Koch and awarded him damages in his dispute over the alleged misrepresentation of 24 bottles of wine he bought at auction. The verdict was delivered that Koch should be compensated for the amount he spent on the wine. The seller, Eric Greenberg, had denied the charges, saying any forgeries from his wine cellar got to the auction house by mistake. Experts for both sides agreed that the wine in one of the 24 bottles was fake but Greenberg's contract with the auction house did not require him to prove the wine was real.