05/21/2013 04:37 pm ET Updated Jul 21, 2013

Artful Dodger Takes A Hit: Knoedler Canoodler Glafira Rosales Arrested

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Glafira Rosales, the Long Island art dealer who has long been under investigation for allegedly selling counterfeit artworks by major 20th century figures, was arrested today and charged with tax fraud connected with $12.5 million of income secreted in Spanish accounts. The announcement, which came from Preet Bharara, United States Attorney for the Southern District of New York and agents from the IRS and the FBI, was accompanied by a comprehensive criminal complain which suggests that the scale of her alleged crimes was much higher than had previously been reported.