Assistant to rare-wine collector swipes $1.2M in vintage bottles

Assistant Steals $1.2 Million in Rare Wine From Top Goldman Sachs Exec Feds

Getty Images for Fortune

A former domestic employee of Goldman Sachs President David Solomon has been arrested in Los Angeles on charges he stole over $1 million of rare wine from his boss, authorities said Wednesday.

De-Meyer worked for Solomon from 2008 to November 2016, according to the indictment.

The alleged theft included seven bottles from the Domaine de la Romanee-Conti vineyard - often abbreviated to DRC - described by wine merchants Justerini and Brooks as "one of the great Burgundian Domaines". The victim had bought the bottles for $133,650, prosecutors said.

Instead, he ripped off bottles from 2014 to 2016 and using the alias "Mark Miller" sold them to a dealer in North Carolina. He is said to have diverted the bottles intended for Mr. Solomon's East Hampton home to a wine dealer based in North Carolina whom he found on the internet.

Cognizant Technology Solutions Corp (CTSH) Holdings Reduced by FCM Investments TX
Krilogy Financial LLC acquired a new stake in shares of Cognizant Technology Solutions in the 2nd quarter worth about $137,000. Cryder Capital Partners Llp holds 14.45% of its portfolio in Cognizant Technology Solutions Corporation for 487,755 shares.

Nicolas DeMeyer was charged with interstate transportation of stolen property. De-Meyer is represented by a public defender, whose office didn't immediately respond to a call seeking comment.

In a statement, Goldman Sachs said: "The theft was discovered in the fall of 2016 and reported to law enforcement at that time". De-Meyer left the country, delaying the investigation, the person said. The average price of a bottle of the pinot noir from Burgundy is $17,134, according to Standard 750-milliliter bottles at that price - nearly $20,000 apiece - would sit near the very top of the wine-auction stratosphere. Past year six bottles of 1996 DRC sold for $134,750 at Sotheby's in NY. The bank hasn't publicly disclosed details of his full compensation package, but filings show he received an award of restricted stock worth about $10 million on January 19.

David Solomon, Goldman Sach's president and co-chief operating officer, has a thing for fine wine.

Latest News