Art-продюсер can get more than Weinstein
ARTinvestment.RU   13 марта 2020

Trafficking in counterfeit art and counterfeit examinations of the U.S. court assessed up to 25 years in prison

Tuesday, March 10, in court in Los-Анджелеса 43-летний the producer Philip Reiter pleaded guilty to three Federal criminal charges, including selling forged paintings, tax fraud and use of forgeries as collateral for taking loan.

According to the published materials of the case, in the period from 2016 to 2018, a writer sold a fake work of Jean-Мишеля Basquiat, Andy Warhol, Keith Haring and Roy Lichtenstein in the amount of approximately $6 million of the paintings Themselves, according to the investigation, the writer bought on eBay, and then to give it a more authentic look, it has manufactured and pasted on stretchers fake stickers from previous exhibitions of the work, wrote confirming the authorship of paintings expert opinion — word, created the paintings provenance.

Interestingly, in 2016, the writer already came to the attention of the FBI even interrogated him after he tried to sell one of his fakes through the auction house. In the future, for transactions he used fake names and documents. In addition, in 2015, in order to evade paying taxes, it is in the Declaration stated that donated a large sum to charity (which actually was not) and that his house had been stolen several pieces of art valued at $2.5 million (in fact he gave these works to the lender as collateral for the loan). In fact, the desire of the writer to obtain the money without the obligation to return has led to the disclosure of this diagram: to avoid paying credit card debt, he declared bankruptcy and his creditors decided to sell paintings from the collateral to recover the money. It pre-training in one of the auction houses and helped to identify fakes.

the Damage from the actions of Reiter totaled $758 thousand — to individuals, and about $100 thousand — to the US government in the form of uncollected taxes. Even after the recognition of guilt and cooperation with the investigation, the Writer could face up to 25 years in Federal state prison. However this week the writer is waiting for another trial in Florida, where he is accused of selling a local gallery fake work for $1 million So that, whatever the court decided Los-Анджелеса, eventually all will become clear after the decision of the judges in Florida.

the Material was prepared by Maria Kuznetsova, AI

Source: theguardian.com, artnews.com