The Man Who Spent $35MM Fighting A $400k Fake Wine Fraud
Our American Stories
iHeartPodcasts
4.6 • 817 Ratings
🗓️ 6 December 2023
⏱️ 8 minutes
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Summary
On this episode of Our American Stories, sometimes it's the principle of the thing. When you experience fraud, you can "wine" about it - or you can get the grapes of wrath involved.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:14.1 | This is Lee Habib, and this is our American stories. |
| 0:18.4 | This next story, well, it's our rule of law series where we tell |
| 0:22.5 | stories about what happens when the rule of law is present or absent in our lives. |
| 0:27.6 | And Alex today brings us an unusual story from a guy named Bill Koch, an entrepreneur |
| 0:33.6 | with 1,300 employees. Here's Bill. You know, what I really like, if you look at a great painting, |
| 0:41.3 | you can tell the love the artist did in creating it. |
| 0:45.3 | And to me, that's precious. |
| 0:47.3 | And that's what creates, in my opinion, great art. |
| 0:51.3 | You know, is the love for what the artist was doing. And then food, |
| 0:55.5 | too, you know, with an outstanding chef, you could taste that, oh my God, this tastes |
| 1:01.8 | differently, because he put a lot of love into it, which means he put a lot of energy and thought |
| 1:06.4 | and everything else into it. And the same with a bricklayer. You know, if he really loves his work, |
| 1:13.6 | he takes a little extra care in doing it other than slapping it together. And the same thing |
| 1:19.1 | with wine. The great wine she could really taste the love that the vintner had in making |
| 1:24.6 | it. And so that to me is highly offensive when someone is faking it. |
| 1:30.3 | Bill found out that four bottles that were sold to him as Thomas Jefferson's were fake. |
| 1:37.3 | And then he found out that more were too. |
| 1:40.3 | There's a huge code of silence because the faker doesn't want to know that he's faking. |
| 1:49.0 | The middleman who's selling the wine doesn't really want to know if it's fake. |
| 1:54.0 | In fact, there was one big auction house that was selling a lot of wine in New York in auctions and they had to |
| 2:02.0 | have this retailer deal with them to get through the laws and the guy who owns |
... |
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