Hundreds of people in the U.K. have been conned out of their life savings in a fraudulent scheme posing as a whisky barrel investment company, the BBC reported on Thursday.
In the market of rare and expensive Scotch whiskies, it’s not uncommon for people to invest in a cask with the idea of it accruing value over time as the spirit ages. But the industry for buying and selling barrels isn’t very heavily regulated, making it highly susceptible to fraud.






