The U.S. Department of Justice on Friday has brought criminal charges against 10 defendants, for a laundering scheme involving a late Pablo Picasso, Reuters reports. “The defendants engaged in an elaborate multi-year scheme to defraud the investing public of millions of dollars through deceit and manipulative stock trading, and then worked to launder the fraudulent proceeds through off-shore bank accounts and the art world,†U.S. Attorney Richard Donoghue in Brooklyn said in a statement.
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