Fraud

Analysis
Art crime

Seller beware: how to avoid being duped by an artful dodger

Timothy Sammons misled clients over sales of works by artists including Picasso

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Art market

Timothy Sammons 'very remorseful' as he is jailed for defrauding clients of up to $30m

British art dealer sentenced to up to 12 years after pleading guilty to fraud and grand larceny in the New York State Supreme Court

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

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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

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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

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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

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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

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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

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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

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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

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Fraud

Galleries hit by cyber crime wave

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

News

Lawyers battle to tip balance of evidence before Knoedler trial

Both sides seek to exclude key witnesses and evidence from the forgery case which is set to begin on 25 January

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Art market

Online art sales are on the up—and so is fraud

Retailers need to do more to protect buyers from fraudsters selling fakes as online art businesses attract more investment

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Law

Art collection of bankrupt German art consultancy to go under hammer

Sale of more than 2,000 works from Helge Achenbach's company expected to fetch between €3m and €4.5m

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Art market

Chinese official fired over art-career bribes

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Law

Change in governance at Luxembourg Freeport after Swiss investor’s arrest

Yves Bouvier is reportedly to be replaced by a group of independent directors