Woman faces up to 59 years in prison for selling more than $33 MILLION in fake art to prominent Manhattan galleries
By Daily Mail Reporter PUBLISHED: 20 July 2013
An alleged scammer accused of ripping off two of New York City’s most prominent art galleries by selling them bogus paintings she claimed were works by acclaimed artists faces up to 59 years in prison if she’s convicted of the multiple felony charges against her laid out in an indictment handed down last week.
Glafira Rosales, 56, of Sands Point, New York, is an art dealer who authorities say knowingly sold counterfeit paintings she claimed were the works of famous artists like Mark Rothko, Jackson Pollock and Willem de Kooning.
According to the indictment, Roslales sold the phoney paintings over a 15-year period – 1994 to 2009 – and made more than $33million in profits selling the paintings to Manhattan-based art galleries.
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Rosales allegedly sold bogus versions Willem De Kooning works similar to this authentic piece worth more then $3million
Rosales, as alleged in the indictment, billed the fake paintings as ‘unknown pieces’ by some of the most famous artists in history. She claimed she came into possession of these rare works of art by purchasing them from collectors in Switzerland and Spain.
The galleries then sold the paintings to customers for millions of dollars each.
According to the indictment, victims paid more than $80million collectively for the fake paintings, only to find out later that they were fake.
ABC News reported that many of the victims have filed civil lawsuits against both Rosales and gallery personnel, who they claim were aware that the paintings weren’t authentic.
‘My client has never knowingly sold any art she knew to be forged,’ Rosales’ civil defense attorney told Good Morning America last week.
Rosales pleaded not guilty at her arraignment on Friday to charges of money laundering, wire fraud, filing false tax returns and failing to report foreign bank accounts.
Rosales is being held without bail.
Read more: http://www.dailymail.co.uk/news/article-2371914/Woman-faces-59-years-prison-selling-33-MILLION-fake-art-prominent-Manhattan-galleries.html#ixzz2ZlCnArpU
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