justice.gov·13 January 2025
Art Dealer Sentenced to 2 Years in Federal Prison for Embezzling Bankruptcy Estate of Miracle Mile and Beverly Hills Art Gallery
Ruling
An internationally known Los Angeles art dealer was sentenced to 24 months in federal prison and ordered to pay nearly $13 million in restitution for embezzling from the bankruptcy estate of Ace Gallery Los Angeles, a prominent Beverly Hills and Miracle Mile gallery. The dealer acted as the estate's trustee while diverting funds for personal use.
