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New York art fraudster pleads guilty

An art dealer Glafira Rosales, who is based in New York, pleaded guilty to defrauding two art galleries in Manhattan more than $30m with 63 fake art pieces. This multi-million dollar art fraud ran for about 15years.

Unsuspecting buyers spent over $80m (£50m) buying paintings that were said to be works of artists like Jackson Pollock and Mark Rothko that had never been displayed before. Rosales made millions from selling these counterfeits to Julian Weissman Fine Art and Knoedler Gallery in Manhattan.

Rosales admitted in court that 73-year-old Pei-Shen Qian who lived in Queens was the person who created the fake works of art. She also pleaded guilty to nine charges including tax fraud, money laundering and wire fraud.

Rosales accepted a plea deal for which she had to forfeit $33m (£20m) and restitution of an amount that was yet to be decided of up to $81m (£50m). Rosales also had to give up any art she purchased between 1994 and 2012 in addition, to her home.

As part of the deal, prosecutors promised not to bring up more charges, which included a marriage scam between Rosales from Mexico and a US citizen. Rosales was sentenced in March with prosecutors giving indications that more people would be charged in the art fraud case.

 

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