|The First Art Newspaper on the Net
||Established in 1996
|| Thursday, September 19, 2019
|Wildenstein art-dealing tax fraud trial in France suspended on technicality |
Franco-American art-dealer Guy Wildenstein (L) and his lawyer Herve Temime (R) leave the Paris courthouse on January 4, 2016, after the first day in the trial of several members of the Wildenstein art-dealing dynasty on charges of tax fraud and money-laundering. Several members of the Wildenstein art-dealing dynasty went on trial in Paris on January 4 charged with stashing hundreds of millions of euros in inheritance money out of reach of the French taxman. Family patriarch Guy Wildenstein, 70, faces up to 10 years in prison for tax fraud and money laundering in a multi-generational inheritance squabble worthy of a soap opera. AFP PHOTO / ALAIN JOCARD.
PARIS (AFP).- A French court on Wednesday suspended a trial involving the Wildenstein art-dealing dynasty, accused of hiding hundreds of millions of euros in inheritance money from the taxman, on a legal technicality.
Dynasty patriarch Guy Wildenstein, 70, faces up to 10 years in prison for tax fraud and money laundering in a multi-generational inheritance squabble worthy of a soap opera, which has been dubbed "Dallas-Upon-Seine".
The trial opened in Paris on Monday, with Wildenstein's lawyers arguing there was a legal precedent which demanded the case be suspended.
Franco-American Guy Wildenstein is the heir of three generations of wealthy art dealers and thoroughbred racehorse breeders.
French tax authorities have demanded a tax adjustment, saying he owes them more than 550 million euros ($600 million) in family money hidden after the death of his father Daniel in 2001 and brother Alec in 2008.
Lawyers for Guy and his late brother have argued that carrying out the tax adjustment along with a criminal trial was unconstitutional and amounted to being tried for the same case twice.
The president of the court ruled the case should now go before the Cour de Cassation, France's highest court of appeals, which will decide whether to refer the question to the constitutional court.
The next hearing has been set for May 4.
Ten months ago, the constitutional court quashed another case against the managers of the Airbus group EADS over insider trading on the grounds that financial market regulators had already examined the case, citing a breach of double jeopardy rules.
Wildenstein's late brother Alec became famous during a messy divorce from Swiss socialite Jocelyne Perisse, nicknamed "Bride of Wildenstein" for her extreme facial cosmetic surgeries, reportedly to make her look more catlike.
The second wives and widows of Daniel and Alec rose up against the family over their slice of the inheritance, accusing Guy of hiding much of his inherited fortune via a web of opaque trusts in tax havens.
That attracted the interest of French investigators, who began probing the case in 2010 and in 2014 demanded the tax adjustment of 550 million euros.
Guy Wildenstein insists there was no legal obligation to report trust-held assets on his father's death.
© 1994-2016 Agence France-Presse
January 7, 2016
Wildenstein art-dealing tax fraud trial in France suspended on technicality
Fashion designer Karl Lagerfeld suspected of hiding 20 mn euros from French taxman: report
Vintage gelatin silver exhibition prints by Christer Strömholm on view at Pace/MacGill Gallery
India's Mumbai, home to famous neighborhood in "Slumdog Millionaire, to get 'world's first slum museum'
Chinese dissident artist Ai Weiwei to display bamboo, kites in first French exhibition
One of Italy's leading post-war cinema stars, Silvana Pampanini, dead at 90 according to local media
Music, film impresario Robert Stigwood, who produced "Saturday Night Fever", dies aged 81
Oklahoma City Museum of Art receives 50 photos from Brett Weston Archive and Christian K. Keesee Collection
One-person exhibition of over 60 paintings and works on paper by Ilse D'Hollander opens at Sean Kelly
Survey of paintings by Beijing-based painter Zhu Jinshi opens at Blum & Poe
Christie's announces its annual Ski Sale the only auction dedicated to ski posters worldwide
France's Pierre Boulez, world-renowned avant-garde composer who 'opened minds', dies
Hirschl & Adler Modern opens first comprehensive exhibition in America of works by Frank Walter
Indianapolis Museum of Art announces new Deputy Director for Horticulture and Natural Resources
Penelope Umbrico's inaugural exhibition at Bruce Silverstein Gallery opens in New York
La Biennale de Montréal 2016: Title, curatorial approach and advisory team
University of Michigan Museum of Art presents Ferhat Özgürs "Metamorphosis Chat"
Pig character in film poster gets the chop in Malaysia
Influential designer Richard Sapper dies in Italy
Brittany Nelson's first solo show with Morgan Lehman Gallery opens in New York
1960 Olympic Gold Medal for Boxing to be featured in Olympic themed auction
Exhibition of new works by Martha Tuttle on view at Tilton Gallery
Most Popular Last Seven Days
1.- Holocaust 'masterpiece' causes uproar at Venice film festival
2.- To be unveiled at Sotheby's: One of the greatest collections of Orientalist paintings ever assembled
3.- Bender Gallery features paintings by up and coming Chicago artist Michael Hedges
4.- Lévy Gorvy exhibits new and historic works by French master in his centenary year
5.- Artificial Intelligence as good as Mahler? Austrian orchestra performs symphony with twist
6.- Fascinating new exhibition explores enduring artistic bond between Scotland and Italy
7.- Exhibition explores the process of Japanese-style woodblock production
8.- Robert Frank, photographer of America's underbelly, dead at 94
9.- The truth behind the legend of patriot Paul Revere revealed in a new exhibition at New-York Historical Society
10.- Hitler bust found in cellar of French Senate
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, .
|Royalville Communications, Inc|
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.