Benedict Moruthoane, of Raleigh Drive, Barnet, north London, and Oseghale Hayble, of Battalion House, Colindale, north London, set up and ran Templar Vintners and defrauded en primeur wine investors out of almost £1 million. Moruthoane was sentenced at St Albans Crown Court.
He was also a director of International Wine Commodities, which pretended to have an affiliation with the International Wine Challenge and fraudulently advertised a logo on its website. It also used the IWC acronym.
Trading as IWC, Moruthoane and Hayble conned £800,000 out of customers and Templar Vintners defrauded investors of £100,000.