Art Fraud

A federal court in New York dismissed racketeering claims brought by a Spanish art collector who lost two valuable paintings he owned – including a Picasso — after consigning them to an art gallery. The collector, who claims the gallery owner — who was convicted of fraud — and other parties engaged in a pattern of selling art they had no legal right to sell, failed to plead his RICO claims but may pursue some of his state-law fraud, conversion and replevin claims.

MANHATTAN — A federal court in New York dismissed racketeering claims brought by a Spanish art collector who lost two valuable paintings he owned — including a Picasso — after consigning them to an art gallery. The collector, who claims the gallery owner — who was convicted of fraud — and other parties engaged in a pattern of selling art they had no legal right to sell, failed to plead his RICO claims but may pursue some of his state-law fraud, conversion and replevin claims.

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Art Fraud

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