NEWARK, N.J. (AP) — A federal prosecutor in New Jersey says the government has seized more than 2,000 works of art that were used to launder money raised through fraud. They were appraised at nearly $16 million.
The U.S. Attorney's Office in Newark announced Friday a Feb. 22 court filing seeking to force the owner to forfeit the works, including an Alfred Stieglitz photograph that sold for $675,000. They were seized from a warehouse in July.
The government says the owner of a 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 Friday.