Art Dealer Admits to Role in Fraud

NY Times - The Long Island dealer at the center of an $80 million art forgery scheme that duped dozens of experts and buyers pleaded guilty on Monday to charges of wire fraud, money laundering and tax evasion.

The dealer, Glafira Rosales, is the only person who has been indicted in connection with the fraud, which passed off fake paintings as the work of Modernist masters. But she is cooperating with federal prosecutors, who have said that they expect further arrests.  Read more.