Venulum, Architects of Wine and Seed International fraud

make sure to you have a reputable professional review anything before you sign

the contract they asked us to sign was utter rubbish, designed to cause you to forfeit your funds

Don't get caught up in fake news releases. Do your diligence!!

Your contract will mean you easily forfeit all your funds, beware,

all their recent news releases are just to bury this forum...
CAVEAT EMPTOR!!!!

Venelum called our office in Florida too. Quite pushy. Seems like one of those old driveway paving scams. Get the money and run!

Originally Posted by A Dentist's wife

A caller contacted my husband yesterday at his dental office and he was busy so he said "sure, send info". The info package came overnight to our home and based on what I have read I will promptley throw it away! Thank you

You might save a copy for your state attorney general's office!

Venulum / Cadman Fine Wines / is just another label for the same old questionable gang as far as I can tell.


Florida DDS

Has anyone heard from Joseph Safi of Venulum? He had a Canadian accent. Diana called my medical practice advising she had information regarding my account. I don't have an account with them, but I took a phone call at home for more information. It was Joseph Safi and he wants me to invest $1117.00 on a case of "fine french wine" and this will make 7 percent in 8 weeks because they will sell the case to a wholesaler for $1300. The profit is split 60(me)/40(Venulum). Is this a good idea? BTW, he wanted me to make my first investment over the phone by giving him my credit card information. Can this be a valid investment?

Oh brother, this is pure fraud.

They don't need your money if they can make that return,

Avoid ---and if you have time report them to your state attorney general's office.

See also the Architects of Wine fraud--same scam, same pitch.

Originally Posted by Unregistered

Has anyone heard from Joseph Safi of Venulum? He had a Canadian accent. Diana called my medical practice advising she had information regarding my account. I don't have an account with them, but I took a phone call at home for more information. It was Joseph Safi and he wants me to invest $1117.00 on a case of "fine french wine" and this will make 7 percent in 8 weeks because they will sell the case to a wholesaler for $1300. The profit is split 60(me)/40(Venulum). Is this a good idea? BTW, he wanted me to make my first investment over the phone by giving him my credit card information. Can this be a valid investment?

Yikes! If you fall for that one you are doomed. Ask your accountant or lawyer if you doubt what I am saying.

The whole scam works by faking you into thinking you made money on a small wine "purchase", and then you are asked to put in more money, but after you put large amounts in, you never can get it out.

And the contracts you eventually sign, or the terms of service, say you forfeit the funds if you don't keep paying. And it is designed to be some half-baked futures contract that let's them refuse to ever pay you. Then they can try to argue you never had any rights to funds anyway.

You can still sue for fraud successfully, and file criminal charges, as you should do, but who needs the hassle??


Been there!