Whisky Casks
£96,000 Whisky Cask Investment
A client invested £96,000 across a portfolio of maturing whisky casks and later became concerned about the status of the casks and the documentation supporting ownership.
- Lost
- £96,000
- Recovered
- £71,000
- Recovery
- 74.0%
- Investment type
- Whisky Casks
- Recovery
- 74.0%
Background
A client invested £96,000 across a portfolio of whisky casks after being introduced to an investment opportunity marketed as an alternative asset investment.
The client was provided with documentation relating to the casks and expected the portfolio to appreciate over time.
After problems emerged with the investment company, the client became concerned about the status of the casks and the documentation supporting ownership.
The Problem
The client had several documents but they were spread across emails, statements and correspondence and did not have a clear understanding of the position.
BJM Recovery's Role
BJM Recovery reviewed the available evidence and constructed a timeline of the investment.
The investigation considered:
- Cask documentation
- Purchase invoices
- Payment records
- Warehouse information
- Correspondence
- Investment statements
- Company information
- Available information concerning ownership
The recovery strategy was developed around the specific circumstances of the investment.
Outcome
The client ultimately recovered £71,000.
Client Experience
“I thought the money was gone for good. The team helped me understand the documentation and gave me a structured plan for dealing with the situation.”
Key Lesson
Investors in physical assets should retain documentation demonstrating purchase, ownership, custody, storage and any contractual arrangements surrounding the asset.
Case studies are presented for demonstration purposes and are illustrative of the types of matters a specialist recovery team may be asked to investigate. Every investment recovery matter is assessed individually. The circumstances of the investment, the available evidence, the parties involved and the applicable recovery process will determine the appropriate course of action.
Have you experienced something similar?
Investment losses can be complex and every situation is different. If you have lost money through an investment that has failed, become insolvent or stopped communicating, our team can assess the information available and discuss the potential next steps.