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Art Law Recent Developments in Art Litigation and Art Finance

New York Art Dealer Pleads Guilty in $80M Art Forgery Scam

Posted in Litigation Issues

As an update to my July 26, 2013 post entitled, “Prominent Manhattan Art Galleries Deceived by New York Art Dealer Accused of Selling Forged Art Works by Acclaimed Artists,” New York art dealer Glafira Rosales pleaded guilty in mid-September to charges of wire fraud, money laundering, and tax evasion, as discussed in this recent article.  To date, Ms. Rosales is the only person who has been indicted in connection with the art fraud in which non-authentic paintings were represented as the work of various Modernist masters.  The art dealer is said to be cooperating with the federal authorities who expect further arrests.