John Fox & Premier Cru—Ponzi Scheme

dreamstimeextrasmall_1590530John Fox Allegedly Orchestrated a $45 Million Vintage Ponzi Scheme

Premier Cru Owner John Fox ran a famous Bay Area wine shop in Berkeley for decades. His customers included Arthur Patterson, of Accel Partners and an early investor in Facebook, who purportedly dropped $837,000 on vintage wines at Premier Cru, according to reports from California.

Unfortunately, John Fox was also allegedly serving up a massive $45 million Ponzi scheme with hints of purported fake names and multiple bank accounts used to siphon cash out of the company, according to Court Reports from California currently under review by attorneys Alan Rosca and James Booker.

The Peiffer Rosca Wolf securities lawyers are currently investigating John Fox and Premier Cru’s alleged wine Ponzi scheme.

John Fox Allegedly Allegedly Falsified Purchase Orders for Wine Not Contracted, Enter It into Premier Cru’s Inventory and then Offer Said “Phantom Wines” below Market Price

Premier Cru Owner John Fox allegedly fermented a multi-million dollar wine Ponzi scheme by allegedly falsifying orders for wine not yet obtained and then registering them into Premier Cru’s inventory for sale, according to Court Reports from California currently being examined by attorneys Alan Rosca and James Booker.

Fox, according to reports from California, began this practice in 1993 or 1994, and from 2010 to 2015 his customers allegedly paid about $20 million for these so-called “phantom wines”.

Fox’s prowess allegedly reached from the Bay to NYC and even all the way to Asia. Amanda Gong of Harbin, China purportedly sunk $669,000 into the company which now allegedly shows $70 million in debts offset by only $7 million in liquid assets, according to reports from California.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes, and are currently investigating Premier Cru owner John Fox’s alleged Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Premier Cru owner John Fox’s alleged Ponzi scheme are encouraged to contact the Peiffer Roscaa securities lawyers,  Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1144 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.