4.5 • 980 Ratings
🗓️ 17 January 2025
⏱️ 54 minutes
🧾️ Download transcript
Ray is retired but always looking for interesting opportunities. So, when he gets a cold call from a whiskey brokerage firm asking if he wants to invest in some of the world's rarest whiskeys, he's intrigued. He meets with a wealth manager, Casey Alexander, who is well-mannered and professional. Ray feels confident investing over $300,000 in whiskey, although around this time, the investment scheme catches the attention of a U.S. attorney and the FBI.
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0:00.0 | This week on the perfect scam. |
0:04.3 | You own the barrels. |
0:06.5 | They're stored in a bonded warehouse, generally in the vicinity of the distillery. |
0:12.8 | It's your property, and typically what you do is you sell it either back to the distillery, |
0:18.7 | and then they bottle it for you and put their label on it. |
0:21.4 | Some bottles can sell for hundreds of thousands of dollars, you know, if it's a bright bottle. |
0:27.3 | Do you remember how you felt when you bought the whiskey? |
0:30.0 | I started thinking, oh, okay, this is my future. This is my Social Security. |
0:34.9 | This is my nest egg for six or eight years. |
0:45.6 | Welcome back to The Perfect Scam. |
0:47.3 | I'm your host, Bob Sullivan. |
0:50.2 | When we think of investments, we usually think of stocks and bonds, maybe even real estate, |
0:56.0 | but there are many different kinds of investments, like today's topic, whiskey. |
1:01.0 | After all, whiskey often increases in value over time. |
1:05.0 | Now, all investing carries risk, but these kinds of non-traditional investments really do come with some extra hazards. |
1:14.2 | Never invest in something you don't understand and you haven't fully researched, because, as you'll |
1:21.0 | see, scans can lurk many places, even at the bottom of a whiskey barrel. But make sure you're sitting down for the end |
1:30.3 | of this story, perhaps with a tasty beverage of your choosing, because it's not something |
1:35.1 | I ever recall happening on the perfect scam before. Tell me, before we get to our story, |
1:43.9 | are you or have you been a whiskey drinker? |
1:46.8 | I remain just moderate-level drinker. |
1:52.0 | I'm still learning to appreciate the variety of whiskey. |
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