Lisa Schiff, a high-profile Manhattan-based art advisor focused on contemporary art, has pled guilty to wire fraud for defrauding her clients of approximately $6.5 million in connection with the purchase and sale of 55 artworks. Schiff, known for advising celebrities including Leonardo DiCaprio, admitted to using the funds to live a lavish lifestyle and pay off debts. The guilty plea was entered in a downtown Manhattan courtroom, and Schiff now faces potential years in prison for her actions.