UPDATE ON THE KNOEDLER FAKES-SENTENCING POSTPONED

Because of information related to a secret document filed with the Manhattan federal court on 14 March, the sentencing of the Long Island dealer Glafira Rosales has been postponed until at least September. Rosales’s $80m art scam snared the Knoedler and Julian Weissman galleries, Christie’s, the Kemper Museum of Contemporary Art in Kansas City, Missouri, and numerous dealers and collectors. The six-month postponement suggests that Rosales is still negotiating with federal prosecutors. She faces a maximum prison sentence of 99 years.

Rosales was imprisoned last May and held without bail until 12 August, when she was released. As it turned out, Rosales was cooperating with the authorities and on 16 September she pleaded guilty to tax evasion, money laundering and other charges in connection with the art fraud. As part of her plea deal, she agreed to forfeit $33.2m, including her home in Sands Point, New York, and pay $81m in restitution.

Whether the delay in her sentencing is because she is continuing to provide evidence to the US Attorney’s Office for its criminal case remains to be seen, because the 14 March filing is sealed. Neither her criminal lawyer, Steven Kartagener, nor the assistant US attorney handling the case, Jason Hernandez, responded to enquiries.

 

http://www.theartnewspaper.com/articles/Knoedler-fakes-case-Rosales-sentencing-postponed/32099

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