|More arrests expected in New York counterfeit art fraud||| Print ||
|Written by Associated Press|
|Monday, 19 August 2013 13:24|
NEW YORK (AP) — More arrests are expected in a conspiracy case against a New York art dealer suspected of selling millions of dollars in counterfeit paintings.
Assistant U.S. Attorney Jason Hernandez made the disclosure at Monday's arraignment of Glafira Rosales of Sands Point, on Long Island. Rosales pleaded not guilty to a superseding indictment detailing an alleged scam from 1994 through 2009.
The government says two Manhattan galleries paid more than $30 million for 63 fake art pieces promoted as previously unknown works by Jackson Pollock, Willem de Kooning and others.
Prosecutors say the galleries sold the paintings for more than $80 million, earning nearly $48 million in profits.
Hernandez says the case will likely be resolved before trial.
Defense lawyer Steven Kartagener agreed but declined to comment outside court.
Copyright 2013 The Associated Press.
|Last Updated on Wednesday, 21 August 2013 06:12|