A Billionaire is suing his art dealer in Switzerland for allegedly marking up the prices of art and pocketing the extra

 July 10, 2018

“The collector says he was inspired to sue after discovering the ongoing legal dispute between Dmitry Rybolovlev and Yves Bouvier.” – reports artnet News. An unnamed Russian billionaire and his son have launched a lawsuit against their art dealer, who helped them build a collection worth an estimated CHF 600 million ($607 million). The family […]

Pleading Guilty, a New York Dealer Admits to Bilking Prominent Collectors With an Art Investment Scam

 May 04, 2018

“Ezra Chowaiki admitted to selling wealthy clients a stake in blue-chip artworks he did not own.” – artnet News. Disgraced New York art dealer Ezra Chowaiki faces up to 20 years in prison after pleading guilty to wire fraud in an art investment scam. The dealer admitting to using blue-chip art to bilk clients of […]

UK Art Dealer Matthew Green Charged In $9 Million Picasso Money Laundering Scheme

 March 06, 2018

“Green is currently being detained in the US for his alleged role in a money laundering and stock scam.” – artnet News reports US government officials have charged British art dealer Matthew Green with using a pricey Picasso painting to help launder more than $9.2 million (£6.7 million), a representative for the Department of Justice confirmed to […]

Cryptocurrencies, Explained: The Beginner’s Guide the Art World Needs Right Now

 January 21, 2018

In the first of artnet News‘s three-part series, Tim Schneider offers an art-world primer on the technology everyone is talking about—but few understand. The art world isn’t exactly known for being at the forefront when it comes to embracing new technologies. Given its late-adopting habits, you might assume our industry would largely dodge the culture-consuming […]

Accused of Defrauding Clients of Millions of Dollars, Art Dealer Timothy Sammons Goes to Jail in New York

 October 20, 2017

The former Sotheby’s specialist appeared in handcuffs in criminal court flanked by court officers. It’s rare that art deals gone wrong wind up in criminal, rather than civil, court. But English art dealer Timothy Sammons, age 61, appeared at his arraignment in New York State Supreme Court this afternoon flanked by court officers and with […]

Art dealer for celebrity artists goes to prison after swindling his A-list clients for nearly 30 years

 September 13, 2017

Jonathan Poole was a dealer for high-profile clients that included musicians Miles Davis, John Lennon, and the Rolling Stones’ Ronnie Wood. It’s four years behind bars for British art dealer Jonathan Poole, who pled guilty to 26 charges of fraud and theft. The 69-year-old, who specialized in selling artwork for celebrity musicians, confessed to stealing both […]

Art Dealer Eric Spoutz Sentenced to Over Three Years in Prison for Selling Forgeries

 February 20, 2017

Spoutz conducted fraudulent transactions under a series of aliases. Disgraced art dealer Eric Spoutz has been sentenced to 41 months in prison for selling dozens of fake artworks purported to be by postwar American masters such as De Kooning, Robert Indiana, and Joan Mitchell, among others. Spoutz, 32, will also be required to undergo three […]

Art Dealer Helly Nahmad to Be Released from House Arrest

 May 14, 2015

Mega-dealer Hillel “Helly” Nahmad will be released today from house arrest, Page Six reports. Nahmad was released from prison to a halfway house last December, after serving five months of a year-and-one-day sentence for taking part in an illegal gambling ring worth $100 million. Nahmad brokered a plea deal which involved paying out $6.4 million […]

Art dealer charged, released on bail

 February 28, 2015

Art broker Yves Bouvier and a Russian-speaking Swiss national who were arrested in Monaco over alleged manipulation of prices on the art market and defrauding Dimitry Rybolovlev, have been charged and released on bail, Bouvier on a 10 million-euro bond Originally published: MonacoLife.net, Ian Brodie

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