Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe
Breaking News

Art Dealer Guy Wildenstein On Trial for Alleged $600M Tax Fraud

Members of a French-American Jewish art-dealing dynasty went on trial in a case that could see authorities demand $600 million in back taxes.

Guy Wildenstein, 70, the heir to his family’s New York art empire, went on trial Monday. He faces up to 10 years in prison for storing a large percentage of his inherited fortune in tax havens such as the Bahamas and the Cayman Islands.

Investigators say that he and his late brother, Alec Wildenstein, fraudulently undervalued the value of the fortune left behind by their father Daniel Wildenstein.

The father was the third head of the renowned Wildenstein & Co. art dealing company, one of the largest of its kind in the world. He owned paintings by the likes of Monet, Picasso and Renoir. He was also a historian and a thoroughbred horse breeder.

The case began in 2010 when Guy Wildenstein’s sister-and-law and stepmother brought evidence of the alleged fraud to French authorities.

Wildenstein said that he was not legally obligated to report the terms of the family’s trust-held assets after his father’s death, AFP reported.

Engage

  • SHARE YOUR FEEDBACK

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.