Wildenstein art heirs acquitted of massive tax fraud

The Telegraph | 

The heirs to of one of the world’s biggest art dynasties were acquitted of hiding masterpieces from Caravaggio to Picasso in offshore havens to avoid the French taxman despite what the judge called their “clear intention” to do so.

Guy Wildenstein had faced four years in prison, two suspended, and a €250 million (£217m) fine for what prosecutors called “the most sophisticated and longest” case of tax fraud in postwar France by “impressionists of finance” who had turned avoidance into an art form… Read more

Image: Guy Wildenstein Monet exhibition at Wildenstein and Co, New York, America  Credit: SIPA Press / Rex Features