Seamus Andrew

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Barclays Bank held liable for Architects of Wine losses

Barclays Bank Plc in the United Kingdom has been held liable for damages suffered by investors in a wine-based, offshore investment scam for which the bank provided services.Summary judgment against the bank and in favor of claimant Cayman Islands-registered Architects of Wine Ltd. (in liquidation) was entered at the U. K. High Court on June 16, 2006.