{"id":152352,"date":"2025-03-23T21:03:56","date_gmt":"2025-03-23T21:03:56","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/dow-jones-wound-up-in-high-court-overpriced-wine-investments-and-stock-not-bought\/"},"modified":"2025-03-23T21:03:56","modified_gmt":"2025-03-23T21:03:56","slug":"dow-jones-wound-up-in-high-court-overpriced-wine-investments-and-stock-not-bought","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=152352","title":{"rendered":"Dow & Jones wound up in High Court \u2013 overpriced wine investments and stock not bought"},"content":{"rendered":"


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\nDow & Jones, a wine investment company that investdrinks has long warned against using, was would up in London’s High Court on Tuesday 17th March. Wine was sold at double its value, much of the stock wasn’t bought and false accounts were filed at Companies House. See announcement from the Insolvency Service below. I trust that criminal charges will be brought against those responsible. \u00a0 <\/span>
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<\/span><\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Additional services!!<\/i><\/span><\/span><\/p>\n

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\n\u00a0Contact address on website: <\/i><\/span><\/span>16 High Holborn, London, WC1V 6BX
was a virtual office <\/i><\/span><\/span><\/span><\/span><\/p>\n

\nDow And Jones Limited was wound up in the public interest on 17 March 2020 in the High Court of Justice before Deputy Judge Jones. The Official Receiver has been appointed as liquidator.<\/span><\/span><\/p>\n

\nAt the hearing to consider the petition to wind up the company, the court heard that Dow and Jones Limited was incorporated in September 2015, with a registered office in Sidcup, Kent, and a trading address in Central London until May 2019.<\/span><\/span><\/p>\n

\nThe Insolvency Service, however, conducted confidential investigations into the wine merchants having received complaints about Dow and Jones\u2019s trading practices.<\/span><\/span><\/p>\n

\nInvestigators discovered that the company sold wine to members of the public as an investment opportunity. Dow and Jones, however, usually sold the stock to those investor customers at double the normal retail price, making it unlikely that investors would ever get their original capital back or make a profit.<\/span><\/span><\/p>\n

\nSales staff working for Dow and Jones falsely claimed to investors that additional purchases were required to ensure that a portfolio of wines could be sold quicker and at a higher price.<\/span><\/span><\/p>\n

\nDow and Jones had also failed to honour customer orders going back to 2016, with the company also having filed inaccurate accounts at Companies House.<\/span><\/span><\/p>\n

\nIn her judgment, Deputy Judge Jones stated that \u201cthere is something extremely wrong about this company\u201d, before confirming that the promised returns to investors were \u201cvastly overstated\u201d.<\/span><\/span><\/p>\n

\nIrshard Mohammed, Senior Investigator at the Insolvency Service, said<\/span><\/span><\/p>\n

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\nSimilar to boiler room operations, Dow and Jones used sales scripts from previously failed companies, which assisted salesmen to convince people, including the vulnerable, to invest their money in unregulated investments. Even those customers who received the wine they had paid for lost a sizable proportion of their investment, as the wine was materially overpriced.<\/span><\/span><\/p>\n

\nThe courts recognised the unscrupulous nature of Dow and Jones when it wound-up the company and our advice is always to reject unsolicited investment offers that sound too good to be true.<\/span><\/span><\/p>\n<\/blockquote>\n

\nAll enquiries concerning the affairs of the company should be made to:<\/span><\/span><\/p>\n