Um, It's most of the antiques & art trade now. They're all that's left after the woke wrecked their businesses (remove complexity, and ALL price structure collapse. Dopes.)
Business Partner Of Art Dealer Inigo Philbrick Pleads Guilty To Defrauding Art Buyers And Financers
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ROBERT NEWLAND, the business partner of art dealer INIGO PHILBRICK, who specialized in post-war and contemporary fine art with galleries in London, United Kingdom, and Miami, Florida, pled guilty today before United States District Judge Sidney H. Stein to one count of conspiracy to commit wire fraud for perpetrating a multi-year scheme to defraud various individuals and entities in order to finance PHILBRICK’s art business. NEWLAND, a citizen of the United Kingdom, was arrested in the United Kingdom on February 23, 2022, and extradited from the United Kingdom to the United States on September 22, 2022. PHILBRICK has been sentenced to seven years in prison for the multi-year, $86 million fraud scheme.
U.S. Attorney Damian Williams said: “Robert Newland conspired with Inigo Philbrick to take advantage of the lack of transparency in the art market to defraud art collectors, investors, and lenders in order to finance Philbrick’s art business. Newland has now admitted his guilt and awaits sentencing for his role in perpetrating this extensive fraud.”
https://www.justice.gov/usao-sdny/pr/business-partner-art-dealer-inigo-philbrick-pleads-guilty-defrauding-art-buyers-and