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Victims have been conned out of millions of pounds in a whisky barrel investment scam, a BBC investigation has found. Hundreds of people were duped into ploughing their life savings and pensions into casks that were overpriced or did not exist, while some individual casks were sold multiple times to different investors. The victims include one woman with terminal cancer who invested £76,000 and another woman who spent more than £100,000 on casks which experts say were only ever worth a fraction of the price they paid. The BBC can reveal that police are investigating three Scotch whisky companies over fraud allegations, with investments running into the millions. The market's popularity has grown rapidly in recent years because of the reports of huge returns being made from rare whiskies. Investors buy a cask of whisky when it is first produced and then hope that it rises in value as the spirit ages in the barrel. It takes three years for spirit to become Scotch whisky in a cask, and investors are encouraged to keep barrels for up to 10 years or more to maximise returns. There is now a crime playlist on the channel if you are interested as well. From October 2024+ (previous crimes videos are in the people playlist). #crime #crimeUK #whiksybarrelscammers #connecoutoflifesavings "If something seems to good to be true... it usually is!" Meaning its fake/unreal/a lie! Plus you are putting your life savings into futures, a bit like gold, people who buy gold currently in the world own FOUR times the total amount of gold than actually exists on the entire planet (that has been mined and even found). All they have is a piece of paper for future gold, if gold ever collapses, there will be problems (though this is unlikely). This whisky scam though buy a known convicted criminal - sigh, people, criminals do not care about your situation, all they see is that you have money and they want it for doing little or nothing! Be wary!