New Vine Start-Up Investor To Be Sentenced In $100 Million Fraud Scheme

William “Boots” Del Biaggio III, who played a key role in the founding of New Vine, is scheduled to be sentenced in Federal Court on June 10 for his role in a $100 million scheme to defraud investors.

Del Biaggio’s legal problems as well as his bankruptcy filings are not connected with New Vine’s abrupt implosion.

Del Biaggio is the former CEO of Menlo Park venture capital firm, Sand Hill Capital, and contributed the software which formed the foundation on which New Vine Logistics was founded. The software was acquired by the venture capital firm when one of their investments, wine.com, closed.

The Silicon Valley / San Jose Business Journal published a very concise summary of Del Biaggio’s legal problems in their March 25, 2009 issue.

DEL BIAGGIO LEGAL FILINGS AVAILABLE IN DATA CELLAR

VIP Premium Content Subscribers can access a variety of legal filings in Wine Industry Insight’s Data Cellar and by clicking on the links, below.

William “Boots” Del Biaggio III – Initial Chapter11 Filing – filed 060508

William “Boots” Del Biaggio III – Felony Fraud Charges filed – 121408

William “Boots” Del Biaggio III – US Attorney SUBMISSION RE: LOSS – filed 051409

William “Boots” Del Biaggio III – FBI – Declaration1 – filed 051409

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