If you’re unfamiliar with Premier Cru Wine, literally translating from french to reference the first harvest of a crop. Until recently, they were a large and well established wine distributor in Berkley, California. The company has since filed for bankruptcy stating it owned $7 million in assets, mostly wine, that would be forfeit to wipe out their $70 million debt. The huge discrepancy in the figures has launched a federal investigation into a supposed ponzi scheme.

The large majority of the debtors are actually customers who claim they never received the wine they ordered. [More]