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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.
A leading art adviser who was accused by the government of bilking her clients of millions pleaded guilty on Thursday in federal court in Manhattan to one count of wire fraud, for stealing $6.5 million from people who trusted her to buy art for them. https://t.co/VJcyHazGav
Lisa Schiff, art 'advisor' to stars including Leonardo DiCaprio, pleads guilty in $6.5M fraud https://t.co/zesk76dt4p https://t.co/KxCjDbYoUp
Lisa Schiff, art ‘advisor’ to stars including Leonardo DiCaprio, pleads guilty in $6.5M fraud https://t.co/l4rXLiY5u6 https://t.co/3ur1RmQOPi
