Tuesday, July 22, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Taylor Swift’s former neighbour pleads guilty to selling fake Basquiat, Warhol and Picasso works

by SB Crypto Guru News
June 4, 2025
in NFT
Reading Time: 4 mins read
0 0
A A
0



A Pennsylvania man accused of passing off forgeries as original works by famous artists—including Francis Bacon, Keith Haring, Jean Cocteau, Andy Warhol, Roy Lichtenstein, Pablo Picasso and Jean-Michel Basquiat, among others—has pleaded guilty to one count of wire fraud and one count of mail fraud.

Carter Reese of Reading, a city northwest of Philadelphia, admitted to misleading customers about the provenance and authenticity of art that he sold or attempted to sell between February 2019 and March 2021. Reese, who is 77, faces up to 40 years in prison. His sentencing is set for 12 September, according to the US Attorney’s Office for the Eastern District of Pennsylvania.

Reese, a prolific antiques collector and former next-door neighbor of superstar musician Taylor Swift, was previously an employee of the prestigious Hill School in nearby Pottstown, first as a fine arts and history teacher and later as director of admissions, according to the Philadelphia Inquirer. He and his wife co-founded and then sold an international company that helped students gain entry to elite boarding schools and colleges. In court documents, Reese described his collection of toys, furniture, rugs and model trains as being worth $6m.

Reese claimed that the forgeries he sold were sourced either from the artists themselves or from other art collectors, one of whom had died in 2013 and one of whom was purportedly named Ken James. In fact, “Ken James” was an alias for Reese’s supplier, a Chicago-based man who had been convicted of selling more than $1m of counterfeit art, sometimes by buying copies on eBay and doctoring them to look genuine. That supplier, identified only as “Associate 1” in the district attorney’s case against Reese, died around November 2021.

Reese lured customers with false affidavits and signatures to mask the inauthenticity of the works he was offering. His lawyer, Jason Hernandez, told the Inquirer that his client “intends to make a full restitution to the victims”, which could amount to a forfeiture of more than $186,000.

Reese has also been a supposed victim of counterfeit grifting in his time as a collector. According to the Inquirer, he filed for bankruptcy in 2019 after claiming he had been ripped off as he tried to offload some of his antiques. He accused the auction house Pook & Pook of intentionally depressing the value of his items through purposeful mishandling, shabby presentation and highlighting a counterfeit toy Reese had bought for $20,000, believing it was genuine.



Source link

Tags: BasquiatBitcoin NewsCrypto NewsCrypto UpdatesFakeGuiltyLatest News on CryptoneighbourPicassoPleadsSB Crypto Guru NewsSellingSwiftsTaylorWarholworks
Previous Post

Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout

Next Post

MoonPay Announces New York BitLicense Approval, Clearing Path for U.S.-Wide Crypto Services

Related Posts

Sharp drop in value of works saved for the UK this past year, official report reveals – The Art Newspaper

Sharp drop in value of works saved for the UK this past year, official report reveals – The Art Newspaper

by SB Crypto Guru News
July 22, 2025
0

The latest UK annual report on the export of major works of art reveals that it has been a particularly...

Her High School Side Hustle Is On Track for 7-Figure Revenue

Her High School Side Hustle Is On Track for 7-Figure Revenue

by SB Crypto Guru News
July 21, 2025
0

This Side Hustle Spotlight Q&A features Leila Quraishi, 27, of Los Angeles, California. Quraishi's sock business Nudesox is targeting seven-figure...

Billionaire In-N-Out Burger Heiress Moves Out of California

Billionaire In-N-Out Burger Heiress Moves Out of California

by SB Crypto Guru News
July 21, 2025
0

In-N-Out Burger's president and owner is moving her family out of the state where the burger chain began.Lynsi Snyder, 43,...

San Francisco’s Vaillancourt Fountain may soon meet its end, despite public outcry – The Art Newspaper

San Francisco’s Vaillancourt Fountain may soon meet its end, despite public outcry – The Art Newspaper

by SB Crypto Guru News
July 21, 2025
0

Despite considerable public support for its preservation, San Francisco’s 1971 Vaillancourt Fountain is not being included in plans for a...

US states step up to fund the arts in the wake of federal cuts – The Art Newspaper

US states step up to fund the arts in the wake of federal cuts – The Art Newspaper

by SB Crypto Guru News
July 21, 2025
0

At a time when calls from the Trump administration to defund the National Endowments for the Arts (NEA) and Humanities...

Load More
Next Post
MoonPay Announces New York BitLicense Approval, Clearing Path for U.S.-Wide Crypto Services

MoonPay Announces New York BitLicense Approval, Clearing Path for U.S.-Wide Crypto Services

May Pump.fun’s Mysterious Token Shake Up the Solana Meme Coin Space?

May Pump.fun’s Mysterious Token Shake Up the Solana Meme Coin Space?

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.