UK art dealer jailed in US for defrauding clients of up to $30m
by Lanre Bakare Arts and culture correspondent from World news | The Guardian on (#4MA9Y)
Timothy Sammons used works by Picasso and Chagall as collateral for personal loans
A prominent British art dealer who defrauded his clients out of millions by using a scheme that involved masterpieces by artists including Pablo Picasso and Marc Chagall has been sentenced for up to 12 years in prison.
Timothy Sammons - a former Sotheby's specialist who had offices in New York and London and who brokered multimillion-pound deals for the likes of the Bill and Melinda Gates Foundation - used art that did not belong to him as collateral to obtain personal loans between 2010 and 2015.
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