Saturday, January 28, 2012

NY art dealer charged in $4M fraud

(AP) ? A New York art dealer has been charged in a $4 million fraud for selling works by Picasso, Matisse and others without informing the owner or giving him the proceeds.

The charges in a criminal complaint in Manhattan accuse Robert Scott Cook of selling 16 works of art without the owner/collector's knowledge. The artwork included watercolors, drawings, photographs, and other works by artists including Pablo Picasso, Henri Matisse and Pierre-Auguste Renoir, among others.

Lawyers in court papers filed in a civil case against him say Cook is likely living abroad because he travels frequently around the world. A lawyer for the 62-year-old Cook did not immediately return a phone message for comment.

From 2005 to 2011, Cook owned Cook Fine Art, LLC.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-01-26-Art%20Dealer%20Charged/id-8114c149ca6e4116b2da0c781858caa1

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