Florida Billionaire Testifies in New York He Got Bad Wine

William Koch says he's spent $25 million to "shine a bright light on the fake wine business."

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    NEWSLETTERS

    AP
    Florida billionaire William Koch, left, and his lawyer John Hueston hold bottles of wine outside Manhattan federal court, Friday, April 12, 2013, in New York. A Manhattan jury concluded the wines were sold to Koch fraudulently at a 2005 auction by a California businessman. The jury awarded him $12 million Friday in punitive damages a day after awarding him $380,000 in compensatory damages.

    Florida billionaire William Koch has come to federal court in Manhattan for the second time this year to testify that he's been victimized by fake wine.

    Koch took the stand Friday at the trial of an Indonesian-born immigrant accused of selling more than $1.3 million of counterfeit wine bottles to wealthy collectors.

    He told reporters afterward that he's spent $25 million to "shine a bright light on the fake wine business." He says he bought 219 fake bottles for $2.1 million from the defendant.

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    He also revealed that he has decorated the walls of his Florida bathroom with wine bottles and used corks for the ceiling.

    Koch won a $12 million Manhattan jury award earlier this year in a civil dispute against a California businessman.