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Beverage Trade Network

Wine Financier Charles Banks Pleads Guilty to Fraud

According to the Wine Spectator, “Charles Banks, the financial advisor and founder of Terroir Life, which owns or manages nearly a dozen wineries in California, New Zealand and South Africa, pleaded guilty to one count of wire fraud in a federal courthouse in San Antonio today…. The charge carries a maximum penalty of 20 years in federal prison.

The Spectator has done a very good job in its article: “Charles Banks Pleads Guilty to Fraud”

The complete plea deal documents are available to Wine Executive News subscribers.

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