The New York Times reports on Glafira Rosales’s day in court:
The quick resolution of the case against Ms. Rosales and a statement read by Judge Failla in court suggested, however, that Ms. Rosales, of Sands Point, N.Y., is cooperating with the Federal Bureau of Investigation and prosecutors in the case. The judge, at one point, read aloud a portion of Ms. Rosales’s plea agreement in which it said she had agreed to provide information to the government.
Ms. Rosales, who appeared in court wearing a charcoal pinstriped jacket and black pants, had been arrested in May and was indicted on additional charges last month. Speaking in a halting, barely audible voice, she acknowledged to the judge that she had sold works that were said to be by famous painters like Mark Rothko, Jackson Pollock and Robert Motherwell, but “were in fact fakes created by an individual in Queens.”
The US Attorney for the Southern District reveals that Rosales made $33m from the works:
She sold the Works to two prominent Manhattan art galleries for approximately $33.2 million. The galleries, in turn, sold the Works to victims of ROSALES’s crime for more than $80 million. […] She also agreed to forfeit $33,200,000, including her home in Sands Point, New York, and to pay restitution in an amount not to exceed $81 million. Rosales will be sentenced by Judge Failla on March 18, 2014 at 2:30 p.m.
According to other reports, Rosales might forfeit her US citizenship as part of her sentencing.
Art Dealer Admits Role in Selling Fake Works (NYTimes)
Art Dealer Pleads Guilty in Manhattan (SDNY)
