Michigan-based dealer Eric Spoutz has been arrested on federal charges for the sale of forged masterworks claimed to be by de Kooning, Joan Mitchell, and more. Authorities allege he wove a web of lies and deceit over his collection of works and high connections in the art world. “The only real thing in this situation seems to be the financial losses the victims have incurred for purchasing what they thought were true works of art, whether for investment purposes or personal enjoyment,” says FBI New York assistant director Diego Rodriguez.
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