Tuesday, March 13, 2012

Not guilty plea in LA from alleged art forger

(AP) ? A Florida man has pleaded not guilty to defrauding a Los Angeles art collector out of more than $2 million by selling him forgeries of the work of Claude Monet, Vincent van Gogh and Jackson Pollock.

Matthew Taylor of Vero Beach entered the plea Monday in a Los Angeles federal court to seven felony counts, including wire fraud and money laundering.

He is scheduled to go to trial April 3.

Prosecutors say the 43-year-old former art dealer is accused of altering paintings from unknown artists to make them appear to be from their famous counterparts, then selling the bogus pieces at sky-high prices.

Authorities say he also placed fake labels on the artwork to claim they were once part of prestigious collections at museums like the Guggenheim in New York.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-03-12-Art%20Forgeries/id-5fd8f87eb3f4469e8820cad9a5d5ec2f

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