New York Art Dealer Michael Cohen Arrested for Fraud

Interpol agents in Brazil arrested a New York art dealer Michael Cohen for allegedly defrauding U.S. art galleries of some $12 million. According to investigators, Michael Cohen is being charged with wire fraud and interstate transportation of stolen property in connection with the theft of a Picasso painting and a scheme to cheat the buyers of a Monet work. The paintings involved are Pablo Picasso’s Nu Accroupi and Claude Monet’s Le Repos Dans Le Jardin, Argenteuil. A criminal complaint unsealed Tuesday in a Manhattan court claims Mr. Cohen brokered the sale of the Picasso but kept the $4.5 million in proceeds. It also accuses him of selling duplicate interests in the Monet for a total of $7.5 million and failing to deliver the painting to either buyer.

Advertisements
Published in: on May 9, 2003 at 2:51 am  Leave a Comment  
Tags: , , ,

The URI to TrackBack this entry is: https://antiques20.wordpress.com/2003/05/09/new-york-art-dealer-michael-cohen-arrested-for-fraud/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: