Forensic Accounting Expert Witness Testifies In High Profile Art Forgery Trial

justice statue with sword and scale. cloudy sky in the backgrounForensic accounting expert witness Roger Siefert testified on behalf of Domenico and Eleanore De Sole in the fraud case against art gallery Knoedler & Co. and its past president Ann Freedman. Once New York’s oldest art gallery, the business closed its doors in 2011 after being accused of selling fake paintings. The De Soles have been seeking $25 million from Ms. Freedman and Knoedler & Co.

Based on financial reports, Siefert calculated the gallery sold more than $69.7M of bogus art and testified on Freedman’s multi-million dollar personal gains in the transactions. In 2004, the De Soles purchased what they believed to be an authentic Mark Rothko painting from Knoedler for $8.3M. The works were supplied to Knoedler & Co. by dealer Glafira Rosales. The gallery and Ms. Freedman are on record as stating that they too were duped by the forgeries. While Ms. Freedman reached a settlement with the plaintiffs on February 7th, the suit against the Knoedler & Company gallery continues this week.

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