Art Dealer Rosales Pleads Guilty to Selling Phony Paintings
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A Manhattan art dealer pleaded guilty to selling more than $30 million in fake works purportedly created by Mark Rothko, Jackson Pollock and other renowned 20th century artists.
Glafira Rosales admitted that from 1994 to 2009 she helped sell more than 60 phony artworks to two New York galleries, including the defunct Knoedler Gallery LLC, and hid the proceeds in offshore bank accounts. The galleries sold the works to collectors for $80 million, according to prosecutors.