Saturday, January 28, 2012

NY art dealer charged in $4M fraud (AP)

NEW YORK ? 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.

Source: http://us.rd.yahoo.com/dailynews/rss/arts/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_en_ot/us_art_dealer_charged

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