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Art fraudster paid 50 thousand euros to avoid jail

He had at his disposal more than a thousand works of art by artists such as Dali, Noronha da Costa or Manuel Cargaleiro, worth hundreds of thousands of euros, whose authenticity will be verified.

The 55-year-old man made agreements with galleries and individuals to purchase works and never paid. He forged documents to sell them to third parties and made a fortune. He was arrested by the PS and brought before a judge. He was released with an identity card and a residence permit after posting bail of 50,000 euros. Responds to forgery of documents and qualified fraud.

The scheme will damage at least two galleries and two individuals. Authorities have carried out searches in Porto, Guimarães and Alpendurada, as well as in Marco de Canaveses.

In one case, a man who had a private collection worth over €600,000 and wanted to get rid of it signed a contract with a fraudster who was supposed to pay him €250,000. The man kept some of the items, sold them, but never paid the owner. He damaged galleries by signing contracts to buy shares worth over €100,000, and never paid the money.

Author: Ana Silva Monteiro This Manuel Jorge Bento
Source: CM Jornal

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