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Rakoff Gives Ex-NYC Dealer 18 Months For $12.9M Art Fraud

By Pete Brush (September 27, 2018, 4:55 PM EDT) -- Manhattan U.S. District Judge Jed S. Rakoff on Thursday sentenced the founder of a Park Avenue art gallery to 18 months in prison for defrauding owners of noted artworks, including paintings by Edgar Degas and sculptures by Alexander Calder, and ordered him to pay back victims as much as $12.9 million....

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