FBI: Sotheby"s defrauded out of $5 million in auction scheme

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The embezzlement and kickback scheme defrauded Bank of America out of approximately $2.7 million using fraudulent donations to non-profit organizations......»»

The CFTC alleged three individuals and affiliated entities defrauded crypto and binary options investors out of $20 million over 5 years......»»

Sotheby's announced that the bottle of Macallan 60-Year-Old 1926 sold for $1,8.....»»

Maryland Ponzi Scheme Goes Bust, People Jailed; Accomplice Cast "Hoodoo Spells" On Feds Several people from Maryland have been jailed for their role in a multi-million-dollar Ponzi scheme that defrauded inv.....»»

22,858.822 bitcoin were misappropriated under Control-Finance's Ponzi-like scheme......»»

The auction for a rare oval diamond at Sotheby's only took 10 minutes. The buyer, a Japanese private collector, will name the stone after his first daughter. Dan Fastenberg reports......»»

A former Belmont resident was convicted on Tuesday on charges that he defrauded 15 investors of more than $6 million through a Ponzi-style investment scheme that he created. The 76-year-old John William Cranney, who now lives in Texas, was found gui.....»»

A rare blue diamond, passed between Europe's royal houses for more than 300 years, has been sold at a Sotheby's auction for $6.7 million......»»

A rare 18th century Chinese vase found in a shoebox in an attic fetched $19 million at a Sotheby's auction in Paris. Fred Katayama reports......»»

RM Sotheby's This 1962 Ferrari 250 GTO is set to be the most valuable car ever offered at auction. Only 36.....»»

A former Massachusetts man convicted of running what prosecutors called a Ponzi-style scheme that defrauded 15 investors out of more than $6 million has been sentenced to five years in prison.      .....»»

A 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby's annual Monterey collector car sale -- a world record for any car ever sold at auction......»»

As US stocks hit record highs, a 1962 Ferrari 250 GTO offered by RM Sotheby's sold in Monterey, California on Saturday for a record $48.4 million - the highest price ever fetched at auction, and 25% h.....»»

RM Sotheby's/Darin Schnabel A 1962 Ferrari 250 GTO sold for a record price of $48.4 million dollars at an RM Sotheby's Auction in Monterey, California on Saturday.  The $48.4 million dollar price tag was the most.....»»

The epic international legal drama that has pitted a Russian billionaire against a Swiss art entrepreneur took a new turn on Tuesday with Dmitry Rybolovlev slapping Sotheby’s auction house with a $380 million lawsuit in New York......»»

The epic international legal drama that has pitted a Russian billionaire against a Swiss art entrepreneur took a new turn on Tuesday with Dmitry Rybolovlev slapping Sotheby’s auction house with a $380 million lawsuit in New York......»»

One of artist Banksy's portraits self-destructed Friday at Sotheby's auction house in London, moments after being auctioned off for 1.04 million pounds ($1.4 million).   
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A Banksy painting "self-destructed" Friday evening on the auction podium at Sotheby’s New Bond Street location in London after being sold for 1.04 million .....»»

A fine art consultant in New York and and an interior designer in Florida stole an elderly woman’s identity and used it to bid millions of dollars on famous paintings and defraud .....»»