$19m of art used in money laundering seized

Last updated 15:46 02/03/2013

Relevant offers

Americas

Executed black teen pardoned after 70 years North Korea linked to Sony hack after all Freed by Cuba, US contractor Alan Gross says it's 'good to be home' President Obama gambles that he can defeat Cuba lobby Pope congratulates Cuba, US on new ties Cuban cigar access to remain restricted - for now US-Cuba key events timeline US travel industry eyes Cuba tourism US, Cuba to restore diplomatic relations after 50 years Right group: CIA torture violated Nuremberg ban on human experimentation

The United States government has seized more than 2000 works of art that have allegedly been used to launder money raised through fraud.

The artworks were appraised at nearly $US16 million ($NZ19.4m).

On Friday, the US Attorney's Office in Newark announced a February 22 court filing seeking to force the owner to forfeit the works, including an Alfred Stieglitz photograph that sold for $US675,000. ($NZ818,200).

They were seized from a warehouse in July.

The government said the owner of a Houston-based company known as Green Diesel was trying to ship the works to Spain.

The complaint alleges Green's owner, Philip Rivkin, bought the artwork by selling credits for generating biodiesel fuel, though it did not produce any fuel.

A lawyer who has previously represented Green Diesel did not return calls on Friday.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content