Businessman pleads guilty to stealing up to $1.5M in wine | TribLIVE.com
U.S./World

Businessman pleads guilty to stealing up to $1.5M in wine

Associated Press
1156075_web1_ptr-winerack-051519

BALTIMORE — A Maryland man has pleaded guilty to embezzling up to $1.5 million in upscale wine from customers who paid him to store the bottles, which he sold without their knowledge.

A plea agreement calls for 54-year-old William Lamont Holder of Hanover, Md., to be sentenced to 18 months in prison for his guilty plea Tuesday to a wire fraud charge. A federal judge must decide whether to accept the agreement’s terms.

Holder owned Safe Harbour Wine Storage LLC. A court filing says private collectors and businesses paid him a monthly fee to store their inventory in a climate-controlled warehouse.

Prosecutors say Holder’s customers lost between $550,000 and $1.5 million worth of wine that he sold to wine retailers and brokers without their consent.

Holder is scheduled to be sentenced July 31.

Categories: News | World
TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.