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From Everything.Sucks

In 1980, a California man named John E. Fox opened a wine store near San Francisco called Premier Cru. More than a decade later, when the business was struggling financially, Fox devised a way to make a lot of money—all at his customers' expense.

Peter Hellman for Wine Spectator mentioned how a premier cru owner sentenced to six and a half years behind bars for wine Ponzi Scheme, "John Fox, the wine store proprietor who admitted to conducting a Ponzi scheme for two decades, was sentenced in federal court yesterday to six and a half years in prison. Fox, 66, owner of the bankrupt Premier Cru, stood in a San Francisco court room, shackled at the ankles and wearing dark red prison garb inscribed Alameda County jail on the back, as Federal Judge James Donato pronounced the sentence."

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