Tuesday, March 10, 2020

Financial Fraud News Update

U.S. Department of Justice
Offices of the United States Attorneys

 
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03/10/2020 12:00 AM EDT

A West Hollywood man has agreed to plead guilty to federal criminal charges that he sold bogus art he claimed was created by artists such as Jean-Michel Basquiat, Keith Haring, Roy Lichtenstein and Andy Warhol. He also admitted using fake paintings as collateral for loans on which he later defaulted, and using fraudulent pieces for fraudulent write-offs on his income tax returns.
 

 

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