Assets Wine Management (AWM) Investors Stranded

There was a news report yesterday on the closure of a wine investment company, Assets Wine Management (AWM).

Apparently, the staff of Assets Wine Management (AWM) have been uncontactable since around 15th June 2010. AWM’s office at Duxton Road is also vacated.

Affected investors have gone on to file reports with the police and CASE.

So we have another case of wine investment gone sour. Last year, Universal Asset Group (UAG) also collapsed, leaving thousands of investors stranded.

Avoid unregulated investments that promise you returns that sound too good to be true.

Police reports filed against wine investment firm (Today Newspaper)

Wine Deal Gone Sour (The New Paper)