Iranian prince files wine fraud lawsuit

An Iranian prince has filed a lawsuit against his French business partner claiming the latter stole US$500,000 from their New York-based wine importer for his own use.

Cipriani

Cipriani Downtown, where Moreau is alleged to have bartered bottles of fine wine for free meals.

Prince Kamran Abbas-Vahid, who described himself in the court papers as “the grandson of Her Royal Highness Princess Asharf Pahlavi, the twin sister of the late Shah of Iran,” claims in the suit that his business partner, Charles Moreau, used company funds to pay for his rent in New York’s Financial District, his clothing, his cable bills and his daughter’s tuition.

Furthermore, Moreau is alleged to have taken thousands of dollars worth of wine from the cellars of Lions Wines and bartered them for meals at expensive restaurants such as Cipriani Downtown on West Broadway and Georgica in East Hampton.

General manager of Lions Wines, Alex Herringshaw, said in the affidavit that: “He (Moreau) would pay for his personal expenses but would not pay for business expenses like the rent, the storage, the phone bills, employees and taxes.”

According to the New York Daily News, the two went into business together in March 2011.

Each apparently agreed to invest $450,000 but Abbas-Vahid claims that Moreau did not put up all of his agreed share and then opened several bank accounts in the company name and forged the prince’s signature to make his deception easier.

The prince also claimed that Moreau is being pursued in France for a similar fraud case and for roughly the same amount of money, as well as being pursued by another business partner for failing to repay a $60,000 loan.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales and Brand Manager

The Duchess Virgin Gin & Tonic
London,

Sales Scotland

Liberty Wines
Scotland, UK

Supply Chain Supervisor

Speciality Drinks
UK, UK

Sales Manager

Stilnovisti
London, UK

Regional Key Account Manager - On Trade

Lanson International UK
South of England, UK

Private Account Manager

Jeroboams Wine Merchants
London N1, UK

Sales Role

JF Tobias
London, UK

Events Assistant

Decanter
London, UK

Head of Marketing

Decanter
London, UK

Market Manager - Asia

Wines of South Africa
China,

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

Rome,Italy
19th May 2018

db Awards 2018

London,UK
23rd May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more