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Photographs And Paintings Used To Launder Money

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The New York Times reports detailed information about how art work is used for laundering money. It’s not just drug cartels. Greedy CEO’s are able to hide their millions through the vague business practices of the art world.

This activity has always been whispered about in art circles, but seems to be more prominent now. The art market has never been subject to the accountability of financial transactions as in other businesses. Auction houses and top galleries claim anonymity is necessary with transactions in the millions. Why? I can imagine clients want to keep their purchases quiet for security reasons, but anyone who can afford a Matisse can afford to keep their collections safe.

Read the NY Times article for the dirty truth.

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About Gina Genis

Hi Friends, I'm a photographer and artist who lives in Washington DC. I have two blogs. The Gina Genis Blog is about art and photography. My new blog, DC Discoveries is dedicated to showing you everything from fashion to art, food to entertainment in all sections of the District. I hope you will take the journey with me. I exhibit my work in museums and galleries across the U.S. I'm included in the permanent collections of the Sackner Archive of Concrete and Visual Poetry, the Otto G. Richter Library Special Collections Division of the University of Miami, Hard Rock Casino, Orange County Transit District, IBM, and the Sarah and Adam Markman Collection among others. My series "Window Peeping" was included in OsCene 2010 at the Laguna Art Museum, Truman State University, Fellows of Contemporary Art, Biola University, and solo shows at Gallery 825 and Cypress College. The "June Gloom" series was exhibited in a solo show at the University of Wisconsin, Madison. The "Kala" series has been exhibited at MPLS Photo Center, Cypress College, and Gallery 825. "Economy Portraits" was created as an Artist In Residence project at the Huntington Beach Art Center, and was awarded "Best Art Show of 2011" by the OC Weekly. I curated Wide Angle View, an exhibit of 16 international, award-winning photo and multi-media journalists at the Orange County Center for Contemporary Art to much critical acclaim. Recent reviews of my work have appeared in the Huffington Post, Art Scene, OC Weekly, Orange County Register, New University, Riviera Magazine, Coast Magazine, Huntington Beach Independent, and appeared on CNN, NBC, ABC, and more. I lead the Gina Genis Photo Workshops where I show beginning and intermediate photographers how to jump to the next level with their work. I also teach online photography courses through The Compelling Image.

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