British Man Pleads Not Guilty in Alleged $99 Million Wine Fraud Conspiracy

British Man Pleads Not Guilty in Alleged $99 Million Wine Fraud Conspiracy
Police tape in a file photo. Johannes Eisele/AFP via Getty Images
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NEW YORK—A British man pleaded not guilty in a New York courtroom Saturday in connection with an alleged $99 million, Ponzi-like fraud involving high-priced fine wine and duped investors.

Stephen Burton, 58, was extradited Friday to New York from Morocco, where he was arrested in 2022 after using a bogus Zimbabwean passport to enter that country, U.S. Attorney Breon Peace’s office said.