Art dealer Glafira Rosales
Source: galleristny.com

«Rosales gave new meaning to the phrase" sly fox ": this is when to withhold taxes from the multi-million dollar profits from the sale of counterfeit works of art from non-existent suppliers," - said the deal clever fraudsters Detective Rosales federal U.S. Attorney Preet Bharara.

art dealer Glafira Rosales, 56, was arrested this week on charges of tax evasion on income of $ 12.5 million in period 2006-2008, as well as keeping illegal bank accounts abroad in the period 2007-2011. American judges for some reason prefer to judge for Rosales consequence, not the cause. Revenues in millions of dollars a consequence. Much more interesting, where the defendant has received them.

Between 1994 and 2008, Rosales has sold two respected New York galleries for a total of 63 works of authors such as Jackson Pollock, Mark Rothko , Robert Motherwell, Willem de Kooning and others. It was later revealed that many of them are fakes. The dealer allegedly took on the implementation of these works have a certain client from Zurich and some Spanish collector. The first client never existed, while the second FBI testified that have never owned the works, which were attributed to his collection. The proceeds of the millions of pictures Rosales translated into account in Spain, wound up in her name, and the name of her boyfriend and his brother. Who is engaged in the manufacture of fakes, is still unknown.

Glafira Rosales, in particular, supplied fake works of Pollock, Rothko and others in an authoritative gallery Knoedler & Co, which because of the scandal, was forced to counterfeiting close after 165 years of success. Now with gallery Knoedler suing her deceived clients because of fake Pollock for 17 million dollars , unreal Rothko for $ 5.5 million , fake Willem de Kooning at 4,000,000, etc. It is not proven whether management knew gallery that sells fake. But selling the work of Rosales they willingly and with great advantage. For example, one job at Rosales bought for 950 thousand dollars, the Knoedler Gallery then re-sold for $ 15 million. In total, during the period of cooperation with Rosales (1996-2008) Knoedler & Co has sold a total of works amounting to 60 million dollars, of which 40 million - net income galleries.

Glafira Rosales will be tried for hidden from the tax revenue and foreign accounts, and if it is found guilty on all counts, the maximum period of her imprisonment was 34 years. However, most likely, it will be smaller (about 5 to 6.5 years). Prosecutors, however, noted that the current list of charges may be added, and it is charged with the implementation of counterfeit works of art.

Prepared by Mary Onuchina, AI

Sources: artinvestment.ru