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Dealer Arraigned on Charges of Selling Forgeries

Dealer Glafira Rosales, who has been held without bail since her arrest last May, plead not guilty on Friday in New York federal court to charges that she sold dozens of fake paintings, reports Colin Moynihan from the New York Times. The forgeries purported to be works by Abstraction Expressionists like Mark Rothko, Jackson Pollock, and Willem de Kooning. According to the prosecution in the case, Rosales, from 1994 to 2009, sold two prominent Manhattan galleries more than sixty of these forgeries, then laundered the proceeds of those sales by transferring the $33 million to foreign bank accounts and filing false tax returns to hide the profits from the United States government. If convicted, Rosales could face twenty years in jail on each count brought against her. Rosales's alleged fraud also drew attention earlier this year, when it cast a shadow on Knoedler Gallery, through which much of the forged artwork was sold.

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