NY art dealer pleads guilty in fake art case

AP News
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Posted: Sep 16, 2013 4:18 PM

NEW YORK (AP) — A New York art dealer has pleaded guilty to charges that she participated in a 15-year scam to sell counterfeit art imitating famous artists like Jackson Pollock.

Glafira (glah-FEE'-rah) Rosales of Sands Point on Long Island entered the federal plea Monday in New York City.

Rosales admitted her role in the scam as she pleaded guilty to nine charges, including wire fraud and money laundering. The charges carry a potential prison term of up to 99 years.

She is accused in an indictment of charging two Manhattan art galleries more than $30 million for 63 fake art pieces.

Prosecutors say she failed to report millions of dollars in income over the years.

Her sentencing had been set for March 18, but it's expected to be postponed.