US investor Charles Banks, charged with fraud, could lose Trinity Hill winery stake, OIO says

Thu, 06 Apr 2017

By Rebecca Howard April 7 (BusinessDesk) - US wine fund manager Charles Banks could be removed as an owner of New Zealand's Trinity Hill winery if he is found not to be of "good character", says the Overseas Investment Office. It noted Banks has pleaded guilty to a charge of fraud in the US. According to the San Francisco Chronicle, Banks - former financial adviser to NBA player Tim Duncan - plead guilty on Monday to a count of federal wire fraud. Banks is the majority shareholder of Terroir Capital LLC, which manages the Terroir Win...

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