Published On: Thu, Jan 14th, 2016

French court suspends trial of famed art dealer Guy Wildenstein

Guy Wildenstein

 

A Paris court has suspended the tax fraud and money laundering trial of Guy Wildenstein, the French-American heir of a New York art-dealing empire, over a possible legal loophole.

The criminal court has set the new trial date as May 4, after Wildenstein’s lawyers argued that tax and criminal charges had been doubled up.

Wildenstein went on trial after two relatives tipped off investigators about the family’s financial dealings — prompting authorities to demand a staggering 553 million euros ($602 million) in back taxes.

The 70-year-old Wildenstein is accused of concealing much of his inherited fortune in trusts held in offshore tax havens — in one of the biggest tax fraud trials ever held in France. He faces up to 10 years in prison if convicted. (AP)

 

READ MORE: Guy Wildenstein

Guy Wildenstein

A multi-generational inheritance squabble in one of the world’s foremost art-dealing dynasties with a penchant for thoroughbred racehorses will be played out in a Paris court from Monday. In a case worthy More…

Guy Wildenstein

A French prosecutor on Monday confirmed that the Parquet national financer—the agency dealing with tax dodgers—is recommending charging RBC Trust Company (Bahamas) Ltd., a wealth management subsidiary of Royal More…

Guy Wildenstein ART

It’s been a long time coming. Members of the Wildenstein art dynasty will go to trial on charges of tax evasion and money laundering next month in Paris, according to the New York Times. Guy Wildenstein More…

Read more about: , , ,

Wordpress site Developed by Fixing WordPress Problems