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Art Theft

In a world where fake could be passed off as real this is what cockney conman Stunt aspired to do. 

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Former Harbinger Capital hedge fund manager Philip Falcone was accused in a New York lawsuit of defaulting on $65.8 million in loans and violating the terms of lending agreements by selling two paintings used as collateral, including one by Andy Warhol.

Melody Business Finance LLC sued Falcone in Manhattan state court Friday, claiming he and his wife, Lisa Falcone, had personally guaranteed the loans, which were made to three companies they control. The lender also is seeking to recover the collateral, including artworks and jewelry.

Read more on Bloomberg:

https://www.bloomberg.com/news/articles/2020-02-21/falcone-sued-over-alleged-65-8-million-default-warhol-painting

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