Potential shenanigans involving art in the spotlight once again. London art dealer Matthew Green is among the defendants in the case against Beaufort Securities, three other corporations and five other individuals, accused by the US Department of Justice of a multiyear $50m-plus securities fraud and scheme to launder money, partly through a £6.7m painting by Picasso.
The indictment alleges that Green, described as the owner of Mayfair Fine Art Limited, met last month with an investment manager from Beaufort Securities (now declared insolvent), as well as a property developer and an undercover federal agent masquerading as a client of t…
Read the full article at: https://www.ft.com/content/03b9a598-2136-11e8-8d6c-a1920d9e946f
