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Artwork broker stuck in cash laundering scheme, allegedly bought $495 print to FBI agent for $12 million


Palm Seashore, Florida, artwork broker Daniel Elie Bouaziz plead accountable to laundering cash he got thru promoting counterfeit art work, in step with the Division of Justice.

Government say that the landlord of 2 artwork galleries in Palm Seashore knowingly engaged in, and tried to have interaction in, a transaction of over $10,000 thru a monetary establishment that has effects on interstate trade.

Bouaziz violated a twine fraud statute when he tried to switch cash from the illegal sale of counterfeit artwork.

In October 2021, Bouaziz bought counterfeit art work presupposed to be by way of artist Andy Warhol out of his galleries, telling the buyer that he used to be taking a look to obtain between $75,000 and $240,000 for the counterfeit piece. He informed the buyer that the artwork used to be “unique, unique Warhol items,” with some even being signed by way of the artist.

The buyer paid $200,000 as a down fee, which Bouaziz stressed out to different accounts of his.

In July 2022, Artwork Internet reported that Bouaziz used to be at the receiving finish of an FBI raid at one in every of his Palm Seashore galleries over his counterfeit schemes.

The document says that Bouaziz would order reasonably priced prints or knockoff artwork from internet sites after which promote them at extraordinarily inflated costs. This features a…

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