Hundreds of victims duped by international art fraud ring

Posted at 6:13 PM, Jun 16, 2014
and last updated 2014-06-16 18:13:25-04

Michael Zabrin is selling forged art prints to undercover postal inspectors.

"We would attend some of the art shows and we would engage the dealers selling the counterfeit art. So having that one-on-one conversation with somebody who is committing a crime is great evidence for us,” says Tom Brady, a U.S. Postal Inspector.

The sting operation was one phase of an international art fraud ring that cost 1,000 victims more than $10 million dollars.

"They bought it from a variety of places, some were from Internet auction sites, some were from galleries, some from art shows, and some were even purchased on cruise ships, so there is a wide range of where the art was purchased,” says Brady.

Counterfeit work by world-renowned artists such as Marc Chagall, Salvador Dali, and Pablo Picasso were allegedly for sale.

"They were marketing them as original, signed, limited editions prints. So, for someone who is an art collector that is a dream for them to buy a signed limited edition print by that artist,” says Brady.

Some victims paid up to $50,000 for one painting.

"When they went to try to re-sell them they were finding that these were counterfeit and they were not what they thought we were,” Brady.

After multiple consumer complaints, gallery and art experts helped postal inspectors track down the bogus art.

"This turned out to be one of the largest art fraud investigations we`ve ever conducted, we seized over 25-thousand counterfeit prints in the course of the investigation,” says Brady.

Postal inspectors say it is important to do your research. Consumers should ask for a 'certificate of authenticity' they could also ask the seller for a history of where the seller obtained the print.

"Contact people, ask questions. Don`t feel pressured to make a purchase because it`s here today,” says Brady.