A twist in the art world saga. Wendy Beard, the Michigan art dealer accused of defrauding collectors, is expected to plead guilty to wire fraud.
The F.B.I. arrested Beard, 58, last October on wire fraud charges following an extensive investigation into the allegations.
The dealer is accused of engaging in these deceptive activities from at least March 9, 2019, until at least October 14, 2022, reports. Beard allegedly utilized false pretenses and representations, such as faking medical illnesses and crafting e-mail addresses for fictitious employees, to defraud individuals and obtain money and property, according to court documents.
Those who have come forward claiming to be victims of Beard’s scams include Pulitzer Prize-winning photojournalist J. Ross Baughman and four other clients who filed an affidavit recounting their experiences with Beard.In one instance, an 82-year-old art collector consigned about $900,000 worth of photo prints, including a famous 1942 piece by Ansel Adams titled , with Beard.
. However, court documents revealed that Beard reportedly consigned the piece herself through a Wyoming gallery, where it sold for $440,000 without the knowledge or consent of the original collector. that his client is expected to take a plea deal but declined to give further comments on the case. If Beard does strike this deal, she will be forced to repay all the proceeds obtained through her fraudulent schemes and surrender any of the assets acquired as a result.
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