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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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