ART DEAL­ING DY­NASTY IN £400M FRAUD TRIAL

The Jewish Chronicle - - WORLD NEWS -

ONE OF France’s most prom­i­nent art deal­ers, Guy Wilden­stein, 70, went on trial this week ac­cused of stor­ing a large por­tion of his in­her­ited for­tune in tax havens such as the Ba­hamas and the Cay­man Is­lands. If found guilty on charges of tax eva­sion and money laun­der­ing, he could face 10 years in prison. The French-Amer­i­can dealer and his rel­a­tives are also be­ing asked to set­tle a tax bill of 550 mil­lion eu­ros (£400m). The vast wealth of the fam­ily came to the no­tice of French au­thor­i­ties when two rel­a­tives’ wid­ows claimed that they had been cheated out of their in­her­i­tances. To make mat­ters worse, one of the wid­ows, Jo­ce­lyn Wilden­stein, re­vealed the ex­tent and where­abouts of her for­mer hus­band’s es­tate.

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