Art Dealing Scheme: Long Island Resident Glafira Rosales Pleads Guilty to Masterminding $80 Million Swindle (Video)
Glafira Rosales, a fradulent art dealer, pleaded guilty on Monday to masterminding a $80 million scheme in which she pawned off 63 fake works to two Manhattan salons, including the now defunct Knoedler Gallery. The pieces had actually been created by a struggling Queens artist over a 15-year period, and not by well-known 20th Century Expressionists, as she claimed.