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Yet the investors discovered that many of the casks they had bought, had either been heavily overpriced – up to five times in some cases – or didn't exist at all.

Hundreds of people were duped into ploughing their life savings and pensions into casks that were overpriced or did not exist, while some individual casks were sold multiple times to different investors.

Henning said the initiatives the agency chose not to fund were redundant or overpriced.

But that doesn’t mean America’s housing crisis is over: A lot of homes remain overpriced and out of reach for many, experts say.

Hunter, who was facing a potential sentence of years in prison for tax evasion and lying on a federal firearms application, is now free to pursue his career as a middling painter of overpriced art.