More arrests expected in NY counterfeit art fraud

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by Associated Press

Associated Press

Posted on August 19, 2013 at 11:06 AM

Updated Monday, Aug 19 at 11:06 AM

NEW YORK (AP) — More arrests are expected in a conspiracy case against a New York art dealer suspected of selling millions of dollars in counterfeit paintings.

Assistant U.S. Attorney Jason Hernandez made the disclosure at Monday's arraignment of Glafira (glah-FEE'-rah) Rosales of Sands Point, on Long Island. Rosales pleaded not guilty to a superseding indictment detailing an alleged scam from 1994 through 2009.

The government says two Manhattan galleries paid more than $30 million for 63 fake art pieces promoted as previously unknown works by Jackson Pollock, Willem de Kooning and others.

Prosecutors say the galleries sold the paintings for more than $80 million, earning nearly $48 million in profits.

Hernandez says the case will likely be resolved before trial.

Defense lawyer Steven Kartagener (kart-uh-GAY'-nuhr) agreed but declined to comment outside court.

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