Live from the cbs bay area studios this is kpix5 news. Tales of luxury the owner of this bay area wine shop schemed customers out of millions. So where did that money go . Tonight tales of luxury cars and online dates. Tonight that berkeley wine shop owner admits to fooling customers and using their cash for his pleasure. Kpix5s Christin Ayers shows us how he did it. Reporter the storefront is still standing, but the business is bankrupt. Today john fox, former owner of premier crew fine wines in berkeley admitted to running a ponzi scheme and ripped off his customers for 40 million. Heres how the scam worked. A customer would purchase expensive european wines from fox with the promise it would arrive in six months to two years, but in many cases fox admits he falsified purchase orders and never even bought the wine. The u. S. Attorney said fox acknowledged between 2010 and 2015 he sold or attempted to sell approximately 20 million worth of phantom wine that he never actually purchased
There yesterday. Southbound vasco road there was an accident earlier. That road is completely shut down. Estimated time reopening 7 a. M. And an alternate is byron highway and in daly city, southbound 280 at hickey boulevard theres a crash on the shoulder there. Thank you. The former owner of a bay area wine shop could spend years behind bars. He pleaded guilty to embezzling millions from customers and he admitted to using their money for himself for luxury cars and online dates. Kpix 5s Christin Ayers shows us just how he did it. Reporter the storefront is Still Standing but the business is bankrupt. John fox, the former owner of premier cru fine wines in berkeley, admitted he was running a wine ponzi scheme and ripped off customers for 40 million. Heres how the scam worked. A customer would purchase expensive european wines from fox with the promise that it would arrive within six months to two years. But in many cases he admits he falsified purchase orders and never bought the wine.
Live from the cbs bay area studios this is kpix5 news. Tales of luxury the owner of this bay area wine shop schemed customers out of millions. So where did that money go . Tonight tales of luxury cars and online dates. Tonight that berkeley wine shop owner admits to fooling customers and using their cash for his pleasure. Kpix5s Christin Ayers shows us how he did it. Reporter the storefront is still standing, but the business is bankrupt. Today john fox, former owner of premier crew fine wines in berkeley admitted to running a ponzi scheme and ripped off his customers for 40 million. Heres how the scam worked. A customer would purchase expensive european wines from fox with the promise it would arrive in six months to two years, but in many cases fox admits he falsified purchase orders and never even bought the wine. The u. S. Attorney said fox acknowledged between 2010 and 2015 he sold or attempted to sell approximately 20 million worth of phantom wine that he never actually purchased
There already helicopter money in the markets . They are buying so much of the debt already, pushing the maturities out. Are they really financing stimulus . Deciding many years ago what theyre going to do. In mike will bring with with his interview Esther George. Her outlook for inflation. You have to focus on inflation, jon. Jon lets get you up to speed. Teachers marginally negative, down. 2 in the u. S. A soccer session in europe with the ftse down. 25 . Soccer session in europe a softer session in europe. The bloomberg dollar slightly softer. Covering the bond market as well come a quick look at commodities, the index coming in just a little bit. It is very much a Federal Reserve story. Alix a risk off day, little bit into friday. Lets check in with our bloomberg team. Matt boesler on janet yellen. Onon clark in tokyo helicopter money coming to japan. With investoryde confidence 26 hours to go. What will be here in the next day . We hear in the next day . How its interesting that f
Hours. Heres the latest. Here the outer edges of the feeder bands of Tropical Storm hermine. They are getting as far north as southern delaware and the tip of cape may. Heavy blinding rains, look at the reds and oranges, louis taking up the heavy rain, louis to the delaware beaches, heavy, drenching rain and cape may. This is lifting to the north, places like avalon, stone harbor and Sea Isle City in the next couple of hours youll be getting wet weather. Inlands locations youre staying dry. Maximum staged winds, 60 Miles Per Hour. A Tropical Storm moving east northeast at 21 Miles Per Hour. Right now its approximately 250 miles to the south southeast of philadelphia. Its in a jog to the left that we have a concern for the storm. Always it approaches the coast it makes that turn and strengthens into a category one hurricane. The big question becomes when it makes that left hand turn how far off the coast is it. It will determine how bad the impact will be. This morning, low impact for t