Art dealer pleads guilty to $80 million fake art scam
NEW YORK An art dealer pled guilty in Manhattan federal court to participating in a scheme to sell more than 60 fake works of modern art to two New York art galleries. The victims of Glafira Rosales, 57, of Sands Point, New York, paid more than $80 million for the fake works. Rosales also pled guilty to conspiracy to sell the fake works, conspiracy to commit money laundering, money laundering, and several tax crimes related to the fake art scheme.
Rosales was an art dealer who, starting in 1994 and continuing through 2009, sold more than 60 never-before-exhibited and previously unknown works of art (the “Works”) that she claimed were by the hand of some of the most famous artists of the twentieth century, such as Jackson Pollock, Mark Rothko, and Robert Motherwell. She sold the Works to two prominent Manhattan art galleries for approximately $33.2 million. The galleries, in turn, sold the Works to victims of Rosales’s crime for more than $80 million.
The works were fakes.
http://www.empirestatenews.net/News2013/20130917-2.htm
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