From Economic Policy Journal:
… On May 24, 1976, the British wine merchant Steven Spurrier organized a blind tasting of French and Californian wines. Spurrier was a Francophile and, like most wine experts, didn’t expect the New World upstarts to compete with the premiers crus from Bordeaux. He assembled a panel of eleven wine experts and had them taste a variety of Cabernets blind, rating each bottle on a twenty-point scale.
Rudy Kurniawan was indicted in New York last week
He faces four counts of mail and wire fraud, and jail time of up to 100 years
As a fraudster is indicted for a $1.3million hoax counterfeiting rare wines and selling the bottles, attention has fallen to the consumer-trusted wine experts who were so easily fooled.
The world’s most respected taste buds bought, sold and wrote about Rudy Kurniawan’s wine collection, many of which turned out to be re-marked fakes [...]