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Epic Art World Fraudster Gets 84 Months for $86M Scheme

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He globetrotted on private planes, splashed out on $7,000 suits, and orchestrated million-dollar art deals that made him extravagantly wealthy. But it was all hinged on lies; the money—all $86 million—bilked from partners and confidantes in an elaborate ruse that was always doomed to fail.

On Monday, the former art world wunderkind Inigo Philbrick accepted his long-simmering fate: 84 months in prison followed by two years of supervised release. He had pleaded guilty to one count of wire fraud last fall.

Speaking before Judge Sidney Stein, the 34-year-old blamed his crimes on “vanity and greed.”

Read more at The Daily Beast.

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