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Satellite TV host guilty in bogus artwork scam

Kristine Eubanks admits to conspiracy and tax evasion in scheme that defrauded customers of more than $20 million.

According to the Associated Press, the satellite TV show host has pleaded guilty to federal charges stemming from an investigation into bogus artwork sold through televised auctions that defrauded customers of more than $20 million. Kristine Eubanks, 49, of La Cañada Flintridge pleaded guilty Monday in a Los Angeles courtroom to one count each of conspiracy and tax evasion. She faces up to 10 years in prison when she is sentenced September 24, prosecutors said.

Eubanks’ husband, Gerald Sullivan, 51, pleaded guilty April 2 to one count each of conspiracy and failing to file tax returns. He faces up to six years in prison at sentencing in September. Authorities said the couple acknowledged duping more than 10,000 customers through their “Fine Art Treasures Gallery” show which aired on DirecTV and Dish Network. The couple also said they rigged auctions by creating false and inflated bids for art and jewelry sold during the live auctions, prosecutors said.

Nearly $4 million and various pieces of artwork were seized when the couple were arrested.

It’s just another example of how important it is to buy art from galleries you know and trust.

Posted on Apr 16, 2007 at 06:16AM by Registered CommenterDoug in , | Comments3 Comments

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Reader Comments (3)

How do you know who to trust? I have always been distrustful of art galleries. The salesmen (they call themselves "consultants") are so in your face and I just know their prices are overly inflated. How do you find a good one you can trust?

April 16 | Unregistered CommenterSara

Sara, go to my link under "Art" for Eleonore Austerer Gallery. Email her and ask that question. She's a friend of mine and one of the few completely honest and trustworthy art dealers I know. I suspect she can give you some guidelines. Tell her I suggested you contact her.

April 16 | Unregistered CommenterDoug

Why is the art world so full of crooks? It used to be counterfeit art, now it's art scamming. I'm glad you found an honest one.

April 19 | Unregistered CommenterTina

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