There are a number of reasons why I'm delighted that Paul Craven, 'managing director' of the Bordeaux Wine Trading Company Ltd (BWTC) was found guilty of fraudulent trading on Monday at the second time of asking. 

The guilty verdict shows that you can't just take investors' money on the pretence that you are buying Bordeaux en primeur, and instead blow it on a succession of cars, expensive watches, almost continuous holidays, a flat and £100 a week cocaine habit.

Read the rest of the post here on my investdrinks' blog.

Report (part finished) on investdrinks blog here of Paul Craven's evidence at St Albans Crown Court (30th June and 1st July).

My report on the evidence given on Monday 20th June during the fraud trial at St Albans Crown Court is now complete. Two salesmen and Frederick Achom, one of the owners of the Bordeaux Wine Company, gave evidence. Please see here.

A report on Paul Craven's evidence given on 30th June will be posted shortly.