Wine auctioneer on embezzlement charges

The founder of online auction site WineGavel has been charged with 12 counts of theft and embezzlement worth over US$500,000.

money-and-handcuffs-istockAccording to Wine Spectator, Joshua Krummenoehl is accused of convincing wine collectors to give him their fine wine to sell and then pocketing the proceeds.

Krummenoehl was arrested in New York on 8 July and flown back to Napa to be charged. He posted a $50,000 bail on 17 July.

The indictment file from prosecutors states that Krummenoehl allegedly accepted wine to sell on his site between 14 February 2011 and 1 April 2012, took payment for the wines without compensating the consignors while keeping any unsold wines.

Supervising inspector from the Marin County district attorney’s office, Carl Chapman, said that having founded WineGavel, Krummenoehl quickly found he had insufficient operating revenue.

“The evidence shows that when Krummenoehl solicited and accepted the consignments from the victims between February 2011 and March 2012, he had no intention of using the proceeds of the sales for its entrusted purpose,” he said.

Krummenoehl is expected back in court on 28 August. WineGavelis currently inactive Wine Spectator reports.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Sales Manager

The Drinks Business
London, UK

Assistant Brand Manager

Swallow Associates Ltd
Kings Langley, UK

Brand Manager

Swallow Associates
Kings Langley, UK

Buyer

Liberty Wines
London, UK

HR Co-ordinator

Liberty Wines
London, UK

Director of Sales

Gulf Brands International
Bahrain

Head of Trade Marketing

Lanson International UK Ltd
London W1

Customer Development Manager

Love Drinks
London, UK

Junior Brand Manager x2

Enotria&Coe
London, UK

Events Co-ordinator

Liberty Wines
London, UK

Champagne Masterclass

London,United Kingdom
10th Sep 2018

Cape Wine 2018

Cape Town,South Africa
12th Sep 2018

Bourgogne Masterclass

Brighton ,United Kingdom
18th Sep 2018
Click to view more

The Global Beer Competition

Deadline : 22nd August 2018

The Global Malbec Masters 2018

Deadline : 1st September 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