Long Island Art Dealer Ordered to Pay $81 Million to Victims of Art-Fraud Scheme (ArtNet)
Glafira Rosales, a former Long Island Art dealer, was recently ordered by a federal judge to pay $81 million in restitution to victims of the Knoedler forgery case. The decision comes four months after Rosales was sentenced to house arrest and probation for charges of wire fraud, money laundering, and tax evasion involving a claim that paintings sold were masterpieces by well-known artists. The paintings were obtained by unknowing buyers for tens of millions of dollars between 1994 and 2009. Rosales has since taken responsibility, but has also claimed she suffered years of abuse and coercion by her partner, Bergantiños Diaz, also involved in the fraud. She claims Diaz threatened to take their daughter away if she did not take part in the scheme.
