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This type of fraud is meant to mislead by creating a false provenance, or origin, of the object in order to enhance its value or prestige at the expense of the buyer. As a legal offense, it is not just the act of imitating a famous artist's key characteristics in a piece of art, but the deliberate financial intent by the forger. [1]
John Myatt, (born 1945), is a British artist convicted of art forgery who, with John Drewe, perpetrated what has been described as "the biggest art fraud of the 20th century". [1] After his conviction, Myatt was able to continue profiting from his forgery career through his creation of "genuine fakes".
Charles Ponzi (1882–1949): Italian swindler and con artist; "Ponzi scheme" is a type of fraud named after him. [14] Soapy Smith (1860–1898): American con artist and gangster in Denver and Creede, Colorado and Skagway, Alaska, in the 1880s and 1890s [15]
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A shill, also called a plant or a stooge, is a person who publicly helps or gives credibility to a person or organization without disclosing that they have a close relationship with said person or organization, or have been paid to do so.
Joseph Tusia seemed to be running a legitimate business, hiring paraplegic employees. But prosecutors say he was scheming to defraud Anthem Blue Cross.
Inigo August Philbrick (born April 23, 1987) is an American former art dealer and convicted fraud. According to the FBI, Philbrick committed the largest art fraud in American history. He was convicted of wire fraud in May 2022 and was sentenced to seven years in prison and was ordered to forfeit $86.7 million. [3]
John Drewe (born 1948) is a British purveyor of art forgeries who commissioned artist John Myatt to paint them. Drewe earned about £1.8 million executing these art crimes. Drewe earned about £1.8 million executing these art crimes.