Fraud

News

‘Portuguese Saatchi’ in hot water over alleged €1bn debt

Three Portuguese banks have filed a lawsuit to recover funds from Joe Berardo, whose vast collection on show in Lisbon is one of the most visited in Portugal

News
Art crime

London dealers embroiled in Ezra Chowaiki fraud scheme over $1.2m Chagall painting

Fresh complaint seeks the return of the work allegedly sold by the disgraced Manhattan dealer under false pretences

News
Art market

Jean-Claude Juncker dismisses claims that freeports are ‘systematically used to commit fraud’

European Commission president rebuffs German MEP Wolf Klinz's demand for a proper investigation into the management of Le Freeport Luxembourg

News
Art market

Russian billionaire Dmitri Rybolovlev charged in corruption probe brought by Monaco police

The formal investigation follows his detainment earlier this week related to an ongoing spat with the art dealer Yves Bouvier

News
Art market

Guy Wildenstein cleared of tax evasion for a second time in Paris

Franco-American scion of art dealing dynasty was accused of hiding art and other property worth hundreds of millions of euros from French authorities

News
Law

New York art dealer pleads guilty to multimillion-dollar fraud

The court has ordered that Ezra Chowaiki forfeit over $16.6m as well as works by Picasso, Calder, Chagall and Degas

News
Art crime

Picasso painting offered in money-laundering scheme, US feds say

London art dealer Matthew Green embroiled in case that involves attempted sale of a painting to an undercover agent to 'clean up' £6.7m, court documents state

News
Art law

Dealer of works stolen by Jasper Johns's assistant can be charged with racketeering, court rules

The decision adds another wrinkle to the unsettled case law surrounding liability in art fraud

News
Fraud

Galleries hit by cyber crime wave

Hackers are using an email scam to intercept payments between galleries, collectors and others