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Tax fraud

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Art market

Mary Boone released from prison early after the facility sees spike in coronavirus cases

Jailed for tax fraud, the incarcerated Manhattan dealer has been moved to a re-entry facility just under half way through her 30-month sentence

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Law

Mary Boone sued by former director for withholding wages and ‘misappropriating’ more than $10m

The incarcerated dealer allegedly had Gagosian gallery wire millions into her personal account for the sale of a Brice Marden painting to pay off tax penalties before she went to jail

News
Law

French court fines Art Basel backer UBS €3.7bn for tax evasion and money laundering

The conviction follows a seven-year investigation into the Swiss banking giant by French authorities

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Collectors

Russian art collector could face seven years in prison

Vladimir Nekrasov has been charged with corporate tax evasion

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UBS

Swiss bank UBS used Art Basel Miami Beach to entice Americans in tax avoidance scheme

Former employee who facilitated the use of offshore accounts sentenced this month for “conspiracy to defraud” US and Internal Revenue Service

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Art market

Warring New York dealers guilty of tax evasion

Court orders Helen Fioratti and James Sansum to repay huge sums

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Art crime

Shell Company Lawsuit: Gagosian and Brant pay $10 million to Uncle Sam in unpaid taxes

The US lawsuit alleged they created a shell company to avoid paying dues

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ADAA

The ADAA thirty years on: “We’ve cleaned up tax fraud, the selling of fakes, helped recover thefts, and supported freedom of expression”

As the Art Dealers Association of America’s annual Armory show drew to an end we talked to Gilbert Edelson, a founder member