One Fraud on Top of Another
Last month's auction of Bernie and Ruth Madoff's personal property was pretty successful, raising close to a million bucks for the victims of the giant Ponzi scheme. Now there's a fraudster who is looking to make a buck by promoting auctions full of fake Madoff merchandise. A gallery that planned to auction off art work this weekend in Connecticut that it claimed once belonged to the couple—including one that featured phony paintings by Chagall and Picasso—was shut down after the state's attorney general vowed to take legal action. [ConnPost via AMM]