Superblue Dealer Faces Extradition in Connection to Philbrick – RisePEI

The U.Okay. artwork supplier Robert Newland might face extradition to the U.S. for allegedly aiding the the embattled artwork supplier Inigo Philbrick in defrauding his shoppers out of tens of millions of {dollars}, the Every day Mail reports.

Extradition proceedings for wire fraud are on account of happen at a Westminster court docket, with a listening to scheduled to happen in November. Newland’s bail has been set at £250,000 ($307,000), in line with the Artwork Newspaper.

Newland, who beforehand served as head of gross sales for the art-and-technology agency Superblue, was indicted in March by a U.S. grand jury, which charged him with offering “false paperwork” and making “materials omissions concerning the sale, possession and provenance of artworks” in connection to Philbrick’s dealings.

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The jury stated that Newland had performed a task in creating “a scheme and artifice to defraud and for acquiring cash and property by the use of false and fraudulent pretenses.”

Newland was first named as a suspect in February. On the time the New York court docket unsealed his indictment, Newland was on non permanent depart from his place as head of gross sales at Superblue, which is predicated in Miami.

Philbrick was accused of defrauding shoppers by promoting artworks to a number of buyers concurrently whereas placing up the works as collateral on loans. He pled responsible to wire fraud final yr and started serving a seven-year jail sentence final month.

Artworks used within the ploy included works by Jean-Michel Basquiat, Rudolf Stingel, and Christopher Wool.

Newland reportedly met Philbrick at London’s White Dice gallery in 2010, when Newland was an worker within the gallery’s finance division. The gallery’s proprietor, Jay Jopling, helped Philbrick get his begin in secondary market artwork gross sales, organising the corporate Fashionable Collections in 2013. Philbrick later spent a yr working in gross sales at Hauser & Wirth earlier than allegations of fraud arose in 2019.

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