Scam Alert!

In the market of rare and expensive Scotch whiskies, it’s not uncommon for people to invest in a cask with the idea of it accruing value over time as the spirit ages. But the industry for buying and selling barrels isn’t very heavily regulated, making it highly susceptible to fraud.

The victims of this particular scheme were duped into buying casks that were either overpriced, sold to multiple people, or didn’t even exist in the first place. The BBC report shared multiple accounts of individuals who have lost large sums of money in the scam, with some victims investing over £100,000 ($129,493). U.K. Whisky Barrel Scam Swindles Hundreds out of Their Life Savings – https://vinepair.com/booze-news/scotch-whisky-barrel-scam/

WTF?