A former art dealer was arrested Thursday on a federal indictment that alleges he sold paintings stolen from a Los Angeles art gallery as well as forged pieces he claimed were by Monet and other artists.

Matthew Taylor, 43, of Vero Beach, Fla., was arrested without incident by the FBI in Florida

A federal grand jury in Los Angeles indicted Taylor last week on seven felony charges related to art theft and a long-running fraud that targeted a Los Angeles art collector.

The indictment charges Taylor with defrauding the art collector victim out of millions of dollars by selling him forged artworks. Taylor allegedly sold the collector more than 100 paintings -- including works that he falsely claimed were by artists such as Claude Monet, Vincent van Gogh, Jackson Pollock and Mark Rothko -- for a total of more than $2 million, according to prosecutors.

The indictment charges that Taylor altered paintings from unknown artists to make them appear to be the products of famous artists, and then sold the bogus artwork to the victim at higher prices than their actual worth.