Maryland Businessman Pleads Guilty to Stealing Up to $1.5M in Wine - NBC4 Washington

Maryland Businessman Pleads Guilty to Stealing Up to $1.5M in Wine

A plea agreement calls for William Lamont Holder to be sentenced to 18 months in prison

    processing...

    NEWSLETTERS

    Organ Donation: The Ultimate Gift
    Justin Sullivan/Getty Images, File
    Bottles of wine lie on a table prior to being packed and shipped from the wine.com warehouse April 5, 2006 in Oakland, California.

    A Maryland man pleaded guilty Tuesday to embezzling up to $1.5 million in upscale wine from customers who paid him to store the bottles, which he sold without their knowledge.

    A plea agreement calls for William Lamont Holder, 54, of Hanover, to be sentenced to 18 months in prison for his guilty plea to a wire fraud charge. A federal judge in Baltimore must decide whether to accept the plea deal's terms.

    Holder owned and operated Safe Harbour Wine Storage LLC. Private collectors and businesses paid him monthly fees and pick-up charges to store cases of wine in a climate-controlled warehouse in Glen Burnie, a court filing says.

    From January 2013 through December 2017, Holder's customers lost between $550,000 and $1.5 million worth of wine that he sold to retailers and brokers without their consent, according to the filing. Holder didn't have a license to sell wine in Maryland.

    Local Wineries, Breweries Feeling Effects of Climate Change

    [DC] Local Wineries, Breweries Feeling Effects of Climate Change

    Higher prices this year for some wines are a reflection of too much rain. Breweries can also experience negative impacts from changes to the weather and climate. News4's Jim Handly spoke to a local winery and brewery about how climate effects their bottom line.

    (Published Friday, April 19, 2019)

    Holder kept the proceeds from the wine sales and spent all of it on personal expenses, the filing says.

    U.S. District Judge Catherine Blake is scheduled to sentence Holder on July 31.

    Holder was indicted on wire fraud charges in December.

    Watch NBC4 and get the latest news anytime, anywhere. Check here for TV listings.