Wednesday, November 26, 2014   

Three charged in US over art scam
(04-22 10:48)

Three men were charged Monday in New York in connection with a US$33 million scam over two decades making and selling paintings purportedly by world-famous artists but which were in fact fakes.
Among the bogus works were pieces supposedly by Mark Rothko and Jackson Pollock and sold to unsuspecting collectors for tens of millions of dollars.
Among the trio was Chinese painter Pei Shen Qian, 75, who allegedly made the forgeries and is believed to have fled to China. Among other allegations, he is charged with lying to FBI agents investigating the fraud.
Brothers Jesus Angel Bergantinos Diaz, 65, and Jose Carlos Bergantinos Diaz, 58, were arrested last week in Spain, said federal prosecutors.
Manhattan US Attorney Preet Bharara said: "Today's charges paint a picture of perpetual lies and greed. As alleged, the defendants tricked victims into paying more than US$33 million for worthless paintings which they fabricated in the names of world-famous artists.
"The Bergantinos Diaz brothers then laundered and hid their illegal proceeds overseas. With today's Indictment, the defendants must now answer for their alleged roles as modern masters of forgery and deceit.''
The three men, along with Glafira Rosales, who has already pleaded guilty, carried out the scheme from the early 1990's through at least June 2009.
Jose Carlos Bergantinos Diaz first met Qian on a street corner in Manhattan, where Qian was selling paintings, prosecutors say, before bringing him into their ring to create the bogus master works.
Jose Carlos Bergantinos Diaz would buy up canvases of old paintings at flea markets, and stain newer canvases with tea bags, which he gave to Qian to create what has been dubbed "the Fake Works.''
Among the bogus works were those purportedly by Rothko, Pollock, Willem de Kooning, Richard Diebenkorn and Robert Motherwell. --AFP   
Other World breaking news:
Report: UK soldier's killers were on spies' radar (11-25 19:18)
Pope urges EU to give migrants 'acceptance and assistance' (11-25 19:07)
Fake Japanese "Beethoven'' faces damage lawsuit (11-25 19:05)
Pope starts whirlwind visit to European institutions (11-25 17:39)
Riot after US jury fails to indict Ferguson policeman (11-25 16:59)
15 trapped in deadly Cairo apartment block collapse (11-25 16:51)
British royal connection lifts Italy's Intesa Sanpaolo (11-24 19:03)
Thai editor sentenced to jail for defaming king (11-24 18:56)
US general: troops staying in Baltics through 2015 (11-24 18:55)
Japan man arrested in Indonesia for smuggling meth (11-24 18:34)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.