The First Art Newspaper on the Net Established in 1996 United States Saturday, July 12, 2014


New York dealer Glafira Rosales who duped galleries indicted over massive art fraud
Untitled,1956 attributed to Mark Rothko.
NEW YORK (AFP).- An art dealer who allegedly duped two top New York galleries into buying counterfeit paintings she presented as works by Modernist masters has been indicted for fraud, money laundering and tax evasion.

Prosecutors said Glafira Rosales, 56, will be arraigned in a Manhattan court Friday on charges of selling more than 60 fake works of art between 1994 and 2009 for a total of $33.2 million.

Rosales is also charged with concealing the proceeds of her sales by having much of the money sent to overseas bank accounts and filing false tax returns.

She faces up to 20 years in prison if convicted of fraud and money laundering, the two most serious of the seven counts on which she has been indicted.

"The indictment depicts a complete circle of fraud perpetrated by Glafira Rosales -- fake paintings sold on behalf of non-existent clients with money deposited into a hidden bank account," said Preet Bharara, the US attorney in charge of the case.

According to prosecutors, Rosales managed to convince the galleries that some of the previously unknown works came from two clients -- one based in Switzerland and one based in Spain -- where she had set up bank accounts to receive the payments.

Prosecutors say her Swiss client, presented as a wealthy individual who had inherited the art works, was a "a pure fiction" while the Spanish one was a real art collector but had never owned the paintings he was supposed to be selling or had any business relationship with Rosales.

Rosales's most spectacular success came with the sale of a supposed Jackson Pollock painting known as "Untitled 1950" to the Knoedler & Company gallery, at the time the oldest gallery in New York.

In 2007, Knoedler's then president Ann Freedman sold the work to London collector Pierre Lagrange for $17 million.

Lagrange subsequently discovered that two paints used in the work were not invented until after Pollock had died and launched a law-suit against Knoedler & Freedman in May.

Days after the suit was filed, Knoedler went out of business, after 165 years at the forefront of the New York art market.

Lagrange's action was one of at least six lawsuits initiated by buyers who suspected they were sold fakes, and their doubts triggered an investigation by the FBI.

Other works provided by Rosales were sold by Julian Weissman, another prominent art dealer who had represented the artist Robert Motherwell when he was alive. Rosales is alleged to have supplied at least seven fake works represented as paintings by Motherwell, as well as others presented as works by Mark Rothko and Willem de Kooning.

Rosales, who denies the charges against her, has been in custody since she was arrested in May.

Federal authorities have said she poses a flight risk because of her substantial funds overseas.



© 1994-2013 Agence France-Presse



Today's News

July 19, 2013

Israel Antiquities Authority: King David's Palace was uncovered in the Judean Shephelah

Nasutoceratops titusi: Weird fossil sheds light on dinosaurs' lost continent

National Museum of Romanian History says traces of torched paintings found in Dutch heist probe

New York dealer Glafira Rosales who duped galleries indicted over massive art fraud

Installation celebrates the 75th anniversary of the first one-person photography exhibition at MoMA

Floating paper cloud fills the Morgan Library & Museum's soaring atrium this summer

Swann Galleries to auction World War I & World War II propaganda, incentive posters

2013 Royal Institute of British Architects Stirling Prize shortlist announced for the best new building

AMOA-Arthouse is Now The Contemporary Austin, a new international art museum

Tim Hetherington's first exhibition in the Netherlands opens at Foam in Amsterdam

Heartland: From the desert to the ocean - art taps into our connection with place

FBI and Scotland Yard Veterans to present "The World of Art and the Fine Art of Crime" seminar at SMU

What's in Store: An uncommon look at a most common experience - grocery shopping

Yorgos Sapountzis creates an imaginary park of public sculptures at Arnolfini

Bruce Museum presents Old Glory in all its glory...From farms and faces to trees and trucks

AIMIA / AGO Photography Prize Announces 2013: Long list announced

Exhibition of sculptures by Rainer Lagermann on view at Ode to Art Contemporary Gallery

abc art berlin contemporary announces artists for 2013

Chinese hand-carved white jade sculpture soars at Elite Decorative Arts sale

Most Popular Last Seven Days



1.- Conservation treatment, research and touristic-education program surrounding the Ghent Altarpiece

2.- Exhibition offers an opportunity to discover the wide-ranging materials used to create colour in paintings

3.- Amsterdam revolts against United States architect Daniel Libeskind Holocaust memorial

4.- Claude Monet 'Water Lilies' painting sells for $54 million at Sotheby's in London

5.- Spain's Queen Letizia opens "El Greco and modern painting" exhibition at The Prado

6.- Hopper's Nighthawks tops the list for Art Everywhere US: Largest outdoor art show ever

7.- Rijksmuseum opens exhibition of fourteen monumental sculptures by Alexander Calder

8.- Association of Art Museum Directors sanctions Delaware Art Museum for sale of work of art

9.- Whitney concludes Uptown exhibition programming with Jeff Koons: A Retrospective

10.- Live art by top international artists steals the show at 45th edition of Art Basel fair



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site