Whisky Wealth Club... massive returns on your investment or a scam?

Keep getting these ad's on my FB feed...

A massive company which offers generous returns on casked whiskey and some excellent reviews on website and Trustpilot but after doing some googling they have been restricted in the US.

Any one here invested in cask whiskey or similar investment schemes?

Would you put 300,000 USD in a foreign business which only just started trading in 2018?

Here is a copy of the emergency cease and desist order to stop the company trading in the US... or something like that
 
Keep getting these ad's on my FB feed...

A massive company which offers generous returns on casked whiskey and some excellent reviews on website and Trustpilot but after doing some googling they have been restricted in the US.

Any one here invested in cask whiskey or similar investment schemes?

Would you put 300,000 USD in a foreign business which only just started trading in 2018?

Here is a copy of the emergency cease and desist order to stop the company trading in the US... or something like that

There are legit businesses in UK that buy grain spirit, put it in bonded warehouses in UK also - and you can buy it.
It will probably make some money in the long term. Unlikely to lose a lot.

And you can always drink it I suppose.

Edit - cannot find a link but a barrell forgotten in a bonded warehouse since the '80s recently auctioned for + £1m
 
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Keep getting these ad's on my FB feed...

A massive company which offers generous returns on casked whiskey and some excellent reviews on website and Trustpilot but after doing some googling they have been restricted in the US.

Any one here invested in cask whiskey or similar investment schemes?

Would you put 300,000 USD in a foreign business which only just started trading in 2018?

Here is a copy of the emergency cease and desist order to stop the company trading in the US... or something like that
Unless you have it in your hand, it's not really yours, it's theirs.

There are so many variants of this simple swindle (wine, bullion, 'fine art' and so on).
It's a big enough gamble buying one from a proper distillery.
 
I’ve looked vaguely at this thing where you buy whiskey casks, get them filled with whiskey and then forget about them for a few years until the whiskey has matured and is ready to be sold. The trick being that by buying the casks and get them them filled with fresh whiskey, you profit from selling the aged cask conditioned whiskey several years later at a nice profit.

I didn’t get into it in the end but I did for quite some time get almost plagued with emails and quite a few phone calls for some time. Somebody must be making some decent money out of it to bother trying to tempt people like myself to put their money into the scheme.

So I walked away without bothering any further. It just didn’t feel right in the end. I don’t know if anybody else on here has seen anything like that or been offered good returns from investing in whiskey in that way!
 
I’ve looked vaguely at this thing where you buy whiskey casks, get them filled with whiskey and then forget about them for a few years until the whiskey has matured and is ready to be sold. The trick being that by buying the casks and get them them filled with fresh whiskey, you profit from selling the aged cask conditioned whiskey several years later at a nice profit.

I didn’t get into it in the end but I did for quite some time get almost plagued with emails and quite a few phone calls for some time. Somebody must be making some decent money out of it to bother trying to tempt people like myself to put their money into the scheme.

So I walked away without bothering any further. It just didn’t feel right in the end. I don’t know if anybody else on here has seen anything like that or been offered good returns from investing in whiskey in that way!
Yep, agreed!
The thing is, is it going to be any good and even if it is, who's going to buy it?
(i dare say the company will...and flog it to some other mugs!)
 
I’ve looked vaguely at this thing where you buy whiskey casks, get them filled with whiskey and then forget about them for a few years until the whiskey has matured and is ready to be sold. The trick being that by buying the casks and get them them filled with fresh whiskey, you profit from selling the aged cask conditioned whiskey several years later at a nice profit.

I didn’t get into it in the end but I did for quite some time get almost plagued with emails and quite a few phone calls for some time. Somebody must be making some decent money out of it to bother trying to tempt people like myself to put their money into the scheme.

So I walked away without bothering any further. It just didn’t feel right in the end. I don’t know if anybody else on here has seen anything like that or been offered good returns from investing in whiskey in that way!
Some bloke forgot about his [Springbank?] cask for 30 years & flogged it for a million or so.
But a 30yr old release from this year cost £850 a BOTTLE...and some have sold at auction for £3000.

Bottles of 'Peckham Springbank' won't be doing that...
 
No.

Weren't you getting taken in by a Facebook CP course the other day?

Its almost like people can post any old bollocks on Facebook to attract the gullible isnt it?
 
I was bought a share in Glenwyvis as a present and they released the 1st batch in 2021 and the return expected isn’t that much. I went collecting bottles instead if you look at the Dalmore constellation range some of the bottles are now worth 10’s of thousands.Everyone seems to go for the closed distilleries but short runs of batches is another way to approach it.
 
I’ve heard that whisky can be a good investment.

There are a few on here into their whisky (the mingers) that may be able to advise better.
 
Keep getting these ad's on my FB feed...

A massive company which offers generous returns on casked whiskey and some excellent reviews on website and Trustpilot but after doing some googling they have been restricted in the US.

Any one here invested in cask whiskey or similar investment schemes?

Would you put 300,000 USD in a foreign business which only just started trading in 2018?

Here is a copy of the emergency cease and desist order to stop the company trading in the US... or something like that

Weren't there a couple of unscrupulous characters in HK in The Honourable Schoolboy flogging whisky casks to American servicemen on R&R as investments? Le Carre's text seemed to imply it was a scam.
 
Are these companies regulated? I can't help thinking distilleries are selling virtually worthless spirits that may or may not one day become valuable, as the barrels are in a bonded warehouse you can't just go and pick yours up unless you pay the duty in advance ( a wise move?) or have your own bonded warehouse (not that difficult to set up if you have business premises. ), what if the distillery decides to increase the ground rent massively or your barrel leaks ?, gets hit by a drunk forklift driver?
I foresee claim specialists asking "Were you missold whisky?" no win no fee claims made.
 
Are these companies regulated? I can't help thinking distilleries are selling virtually worthless spirits that may or may not one day become valuable, as the barrels are in a bonded warehouse you can't just go and pick yours up unless you pay the duty in advance ( a wise move?) or have your own bonded warehouse (not that difficult to set up if you have business premises. ), what if the distillery decides to increase the ground rent massively or your barrel leaks ?, gets hit by a drunk forklift driver?
I foresee claim specialists asking "Were you missold whisky?" no win no fee claims made.
Apparently so... according to them

 

MrBane

LE
Moderator
Kit Reviewer
Reviews Editor
Apparently so... according to them



That video just made me retch.

The trick to the whisky game was to get in to it ten or more years ago. Now it's full of flash, slick city boys in waistcoats and fancy high end packaging / swanky offices.

None of which comes cheap.

Also, no, the whisky cask game is not FCA regulated which means you roll the dice and take your chances.
 

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