Con artists swindle €1m from Hong Kong businessman in Van Gogh painting scam

http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=157827&sid=44633052&con_type=1

Naive, Stupid or Greedy?

All three? An experienced gallery owner being fleeced like a newbie. Obviously didn’t remember the saying, “if it’s too good to be true…”. Whilst not condoning the dishonesty of the swindle, more disturbing is the fact that once again we see the shady side of the art market at play; single high-value cash transaction, with little or no due diligence, in the unregulated art sector.
The dangers of Money Laundering Through Art should not be overlooked!

Van Gogh

 

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