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Tuesday, April 25, 2017

New York Art-Dealing Heir on Trial in Paris

Franco-American art-dealer Guy Wildenstein arrives for his trial at the courthouse in Paris on Sept. 22, 2016.  Franco-American art-dealer Guy Wildenstein arrives for his trial at the courthouse in Paris on Sept. 22, 2016. ERIC FEFERBERG/AFP/Getty Images

Allegedly owing $621 million in taxes to the French authorities, the heir of a New York art-dealing empire, Guy Wildenstein, has appeared in a Paris court, potentially facing up to a decade in prison if convicted. What is considered one of the biggest tax fraud trials ever held in France, the taxes are from a family fortune estimated at more than $1 billion being hidden in offshore tax havens.

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