Australian Wine Index review: boiler room wine investment scam 416

They are afraid to face existing clients as most of the agreement had matured & most clients will be demanding buy back on all the wines.

Does anyone know what had happened to TBW? I have been calling them since last week and no one pick up the phone.

For those who have not gotten your login and wonder what happen to your wine, you might want to contact the CEO of CWT Asia directly and cc: Fadzli and Guillianno from TBW.

CWT CEO: Leaw Tiew San at tsleaw@sg.logistics.cwtlimited.com
Logistic Executive: Fadzli Halim at fadzli@tbwcorp.com
TWB CEO: Guillianno Mata at guillianno@tbwcorp.com

JL3: Yes you can take them out for your own consumption. You need to pay customs duties for the bottles you want to take out.

In any case, not sure whether the wine are still under our name since they moved from Menlo to CW, which as mentioned, to-date I have not received the login ID and no idea how to contact to check. Anyone can advise? Maybe we can make a field trip to say hi to our bottles..

Thanks. Everyone here whom were victims will help to spread words that would eventually help others avoid another potential problems due to ignorant.

So to others whom got calls to attend to SUNTEC tower 3 level 42 to discuss and sign agreement in pretext of helping you get back your money - BE careful. Never commit to anything and best of all - do not attend. Its logical to ignore their calls from now on.

Refer to the link regarding ITRA
http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/those-who-kena-timeshare-one-please-come-%2Aimportant%2A-1388885-36.html

CASE Warns About International Timeshare Refund Action
http://insidethegate.com/2012/04/case-warns-about-international-timeshare-refund-action-fraud/

Dear All, I received a call from a Roger Goodall from Avesta a few days ago. Here are some of my observations...
- Their original note to you is signed by William Tung, whom if you google, has already left Avesta.
- both Roger and Veronica do not exist on Linkedin or the internet for that matter.
- I asked 5 straight questions and received no straight answers.
- I called their NY office with no reply nor phone recording.
Just have your antaenna on.

Thank to you and everyone here who are victims to the scams to help the spread the words and helps others to become aware and avoids potential scams due to ignorant.

So to others whom got calls to attend SUNTEC Tower 3 Level 42 to discuss in pretext of helping you to get back the money - BE ON ALERT. Never commit to anything and best of all do not attend as pointed by Long Time Scam Victim. Just ignore their call.

For further info refer to the following links:
http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/those-who-kena-timeshare-one-please-come-%2Aimportant%2A-1388885-36.html

CASE Warns About International Timeshare Refund Action
Posted April 18, 2012 12:00am PDT by Admin
http://insidethegate.com/2012/04/case-warns-about-international-timeshare-refund-action-fraud/

Anyone else heard from Avesta Capital in the US who purport to exchange the value of the cash invested into the wine for blue chip US stocks. Catch is that you have to pay 50% margin to them in order to effect the transfer.

Thanks to you and everyone here whom were victims. This will help to spread words that would eventually help others avoid potential scams due to ignorant.

So to others whom got calls to attend to
Suntec tower 3 level 42 to discuss and sign agreement in pretext of helping you get back your money - BE extremely careful. Never commit to anything and best of all - do not attend. Its logical to ignore their calls from now on.

I came across the following article in the Internet:

CASE Warns About International Timeshare Refund Action
Posted April 18, 2012 12:00am PDT by Admin
http://insidethegate.com/2012/04/case-warns-about-international-timeshare-refund-action-fraud/

Refer to another link:
http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/those-who-kena-timeshare-one-please-come-%2Aimportant%2A-1388885-36.html

Dun bother to go International Timeshare Refund Action. I went there a few months ago to see what can they do since I can't do nothing with the wine after investing in AWI since 2007. In the end, they used up my 3 precious hrs and then try to upsell you by converting your wine portfolio in exchange for property fund. They did it quite professional like a no win no fee kind of consultation. So my advice to all of you. Dun waste your time. Its just another scam!

I received a call from International Timeshare Refund Action Group this afternoon. They would assist me to get a refund claim from AWI by providing legal advisor to handle the case. They will proceed to sue AWI once the affected investors agreed and sign up with them. If they are successful in getting the compensation and investors' initial investment from AWI, they will get a certain percentage from it.

"You will not be required to sign any service agreement or make any commitment. You are not required to purchase any product to sign up. Should you schedule a time to apply for refund we will be happy to furnish you, in advance with a guarantee in writing that you will not be required to make any payment, before during or after the trial whether successful or not from you the complainant. Therefore if you would like to join the thousands of people in Singapore that have already signed up for a totally risk free way of getting back money, we are here and ready to help you."

Any comment?

did anyone here invest with Bordeaux Liquid Gold?

Don't get cheated with their tricks, make sure you sign an agreement
before you pay them. They will make all sorts of promises when they want your money.

hi
I have received a phone call recently saying that they can sell the wine within 6 months if I pay $1.2k outfront. Has anyone else here been contacted? is there anyway that we can just take back the bottles for our own consumption or as gifts to others since it has been years without any sales?

I also have some investment with AWI. Any idea how to liquidate them elsewhere? I have not received the login ID for the new storage (CW group?) after Menlo..

I went by their office at Level 9 One Raffles Quay this afternoon. The name has changed to "The Bottled Wealth Holdings". I told the receptionist i wanted to check and my portfolio and she gave me a number and asked me to call that number to book appointment. There was this angmoh guy beside her and I asked him if this was a new company that bought over AWI or just a rename..he said just a rename..

I just did a check on ACRA website and "The Bottled Wealth Holdings" is actually a newly incorporated company and AWI address has been changed back to the one at China Square..

ambassador61, make police report.

I fell into the scam too. Bought 2 lots, one in 2007 and the other in 2012. Total investment S$ 23k. Is there anything I can do now? Called their office today but they don't pick up the phone.

I mistakenly fell into the scam as well. I initially went with a small order to test their abilities to generate profits. Since then, I have been told that they would sell my lot at an auction that was held on August 30th, 2014. After the supposed auction, I have attempted to send an email to sales rep (Mr. Kevin Dessier). I received no reply after 3 emails. I then attempted to call their office 3 times throughout the period of 1 week. Still no answer and only a voice message saying that all their representatives are busy. 1st time I've been scammed... Good thing I didn't invest a large sum!

AWI Exposed, care to share the ST news?

Read today (18/9) ST news. Some angry investors went to AWI office & police was called in. AWI might be close for a few days to avoid the press.

Has anyone tried calling their Singapore Office? No one is picking up and it seems it is registered to another company, can' make out what he recording is saying ... Wild Wild West?

Crooks have crooked postings. This is a scam, people are losing money.

I am a victim too.. any ways to punish all the scammers ?

Get the law enforcer involve, and assist us on this investment scam. I m going to do it very soon. Keep you guys update for any new info. If there is any need to engage lawyer for this matter, it will be a good idea to unite and fight it together.

I believe we all should make a police report ASAP. Get the law enforcer involve, and assist us on this investment scam. I m going to do it very soon. Keep you guys update for any new info.
If there is any need to engage lawyer for this matter, it will be a good idea to unite and fight it together.

That Roger guy from Avesta Capital has called me few times, and i m not gonna to sign the confidential agreement to me. I don't think we can count on American Law, instead we should go for only Singapore Law.
I believe we shouldn't wait any longer. AWI_1 yr Agreement has already proved to us whatever agreement you signed with them is not going to honour it. I signed a 3 yrs agreement and that make me frightening now.

i m going to make a police report soon.

Hi All,
I am one of those who bought the wines in yr 2008 and sign an 1 year agreement last August 2013.
My 1 year agreement is up and they have not offer me anything. They only say they will send my partial wine up for auction.
Auction should be done during my 1 year period and NOT now!
I know a lot of people out there waiting for an answer on the 1 year agreement . But so far there are no offer from them.
I will keep you guys updated when there are new development. Time is running out.

Hi All,

I am one of victims too and just gone to CASE today. They said it is a need to engage a lawyer for this matter. Boon Heng and X-wine, please count me in if your guys going to appoint a lawyer.

Talking about the lawsuit, get your personal lawyer instead. Scam.Scam.Scam, They get you drink, drunk and drive you to sign the payment. Good luck.

@AWI Exposed!, I'm not sure there is a lawsuit in Indonesia yet, because they just opened the office this year and they have a commitment (or rubbish) to sell the wine within 3 months.

I am also one of victims. I believe we all victims should unite together. Can anyone start a line account to announce all victims or as much as possible. Note just victims, no AWI staffs in the group. We must have a gathering to negotiate with AWI. I believe in SG there are over 1000 victims. If we have more 100 people, we can make a police report and get police involved. No action by ourselves we have to wait for killing.

Hi all, after so much of discussion. Can anyone advise what is the best way to recoup our loses? What is the next course of action shall we do? Let's unite and fight against this unscrupulous organisation.

If there are enough complaints, MAS might ask CAD to investigate.

Hi all, I m also a victim of this scam. yesterday I received a call from Roger. He is from a US company named Avesta Capital Advisors LLC. He told me they represent a group of investors and want to sue this company for compensation. I feel curious and to check validity of the company, and I found dubious info regarding his company. He asked me to sign some agreement so that he can represent me to file for case.
I tried to call AWI today but so far no one pickup.
I really want to solve this issue via proper channel. Will it be useful for us to lodge complaint to MAS?

there is a watchdog government to control such company, named OJK

Hi

i have been reading all your complaints, and honestly they are a little bit childish, i am a small investor and i try to diversified my portfolio, and i did 5 years ago with australian wine index and Andrew Basset, that is the real guy who will neeed to be after, he sold wine really expensive without any possibility of return, a few months ago i was contacted by the new office in Raffles Quay, to present me a plan to sold my wine...obviusly not for free...that day i have the chance to meet Guillianno Mata, and let me tell you, everything he told me make sense, yes he bought australian wine index, yes he is doing an agreement to sell the wine...i understood, that he is not hiding, in the contrary, he actually encourage me to write in here my experience qith the wine tasting and auctions...so far i have not recover everything of my original investment, but i have recover at least 40%, and that is good...there is no shorcuts for economical success, is only about been carefull, if u beleive that wine investment will set yur finances free you are in mistake, but what for me concerns they are working

So does Indonesia has any law against such company? If not, how to report?

Hello all, the bottle wealth just opening a new beautiful and fancy office in Jakarta, i was one of the lucky person who got invited to their 60 minutes presentation, as they also offered a bottle of wine and gift voucher worth USD$150 (Rp.1, 500, 000) well its quite an attractive gift for me. The have local employees and western guy (his could be the puppet for the show) and the broker keep pushing me to invested in the wine industry, the minimum investment about SGD $5000 and more but the funny things are the broker can take as low as any money i can afford let say just US$100, the broker once show me the appointment letter of their company with the building The Plaza, BUT the SIUP and NPWP says that the business only use for market test. The owner of the company is Guilioano mata from Dominican, who the hell is he? well as i see they are targeted most local who yet dont understand about the wine investment and they will not there for REAL Businesses, Just take the money and GONE. Before you will get invitation they will do a little survey, so they know you are the RIGHT target for them. Thats why they are giving you such fancy gifts. This company must get REPORT. to minimise the Victims.

If u hv bought your wine in Singapore, u can lodge a police report online as advised by angry-bird.