Malt scam has Scotch investors over barrel

HUNDREDS of people have been conned out of their life savings after being scammed into buying non-existent barrels of whisky.

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People were duped into forking out millions to buy casks that were overpriced or non-existent by an online company called Cask Whisky Ltd, run by a man calling himself Craig Arch.

Investment

Alison Cocks, from Montrose, invested £103,000 in whisky casks and received regular updates from the firm on the value of the drams.

She was promised a 12% return, forecast to increase to as much as 50% over time, and invested in another three casks for a total of £100,000. But she realised something was wrong when she wanted to sell her whisky casks – and the company stopped all communications.