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Vero Beach Man Pleads Not Guilty To Art Fraud

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(Source: AP)

(Source: AP)

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MIAMI (CBSMiami/AP) – A Vero Beach man accused of selling a Los Angeles art collector forgeries of works by Vincent van Gogh, Jackson Pollock and Claude Monet has pleaded not guilty.

Matthew Taylor entered the plea Monday in a Los Angeles federal court to seven felony counts, including wire fraud and money laundering.

He is scheduled to go to trial April 3.

Prosecutors say the 43-year-old former art dealer is accused of altering paintings from unknown artists to make them appear to be from their famous counterparts, then selling the bogus pieces at sky-high prices.

Authorities say he also placed fake labels on the artwork to claim they were once part of prestigious collections at museums like the Guggenheim in New York.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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