Galleries
Perpetrator of $80 Million Knoedler Art Scheme Won’t Be Sentenced Until Fall
Disgraced dealer Glafira Rosales won’t be sentenced until at least September, reports the Art Newspaper. The delay is connected to a sealed filing made in a Manhattan federal court on March, 14.
Last fall, Rosales pleaded guilty on nine counts, forfeiting US$33 million in assets, including her Sands Point, New York, home. She has agreed to pay up to US$81 million in restitution (see a full report from Art in America).
Her crimes include tax fraud and an $80 million scam in which she sold more than 60 modern art forgeries—created by a Chinese painter in Queens—to New York’s Knoedler & Co. and Julian Weissman galleries. Other organizations taken in by Rosales include Christie’s and the Kemper Museum of Contemporary Art in Kansas City, Missouri.
The New York Times reported Rosales’s arrest in May of 2013.
Follow Artnet News on Facebook:
Want to stay ahead of the art world? Subscribe to our newsletter to get the breaking news, eye-opening interviews, and incisive critical takes that drive the conversation forward.
Article topics
