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Florida Man Jailed for Selling Stolen Art, Evading Taxes
LOS ANGELES – A Florida man has been sentenced to 90 months in federal prison for selling stolen art and evading taxes.
Matthew Taylor, 45, of Vero Beach, Florida, was sentenced by United States District Judge John A. Kronstadt.
Taylor was found guilty by a federal jury in August 2012 of five separate federal felonies, including wire fraud, possession of stolen property which had crossed state lines, and two counts of tax evasion for the years 2005 and 2006.
The evidence presented at trial showed that Taylor stole several paintings from the Los Angeles Fine Art Gallery, including a Granville Redmond painting called ‘Seascape at Twilight’ and an untitled painting by Lucien Frank. He later sold the Redmond painting to a different gallery for $85,000, falsely claiming that his mother had owned it for several years.
Taylor also took elaborate steps to evade paying more than $400,000 in federal income taxes owed for 2005 and 2006, including creating bogus companies with names similar to well known companies, using false social security numbers to hide his bank accounts, and using post office boxes to open other post office boxes to use as mail drops.
Taylor was ordered to pay $1,244,190 in restitution, including $106,152 to two art galleries and $1,138,038 to the Internal Revenue Service for back taxes, penalties and interest.
The investigation into Taylor was conducted by the FBI’s Art Crime Team, the Los Angeles Police Department’s Art Theft Detail, and IRS Criminal Investigation.
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Key Facts
- State: California
- Category: Fraud & Financial Crimes|White Collar Crime
- Source: DOJ Press Release â†â€â€
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