Related Federal Cases
Business Partner of Convicted Art Dealer Inigo Philbrick Sentenced to 20 Months in Prison
New York, NY – Robert Newland, the business partner of convicted art dealer Inigo Philbrick, was sentenced to 20 months in prison in connection with a multi-year scheme to defraud various individuals and entities in order to finance Philbrick’s art business.
U.S. District Judge Sydney H. Stein imposed the sentence on Robert Newland, 46, of the United Kingdom, who was charged with wire fraud.
The crime took place between approximately 2016 through 2019, during which time Philbrick engaged in a scheme to defraud multiple individuals and entities in the art market located in the New York metropolitan area and abroad.
Newland and Philbrick made material misrepresentations and omissions to art collectors, investors, and lenders to access valuable art and obtain sales proceeds, funding, and loans. They knowingly misrepresented the ownership of certain artworks, for example, by selling a total of more than 100% ownership in an artwork to multiple individuals and entities without their knowledge.
Newland and Philbrick obtained over $86 million in loans and sale proceeds in connection with the Fraud Scheme. The scheme collapsed in the fall of 2019 when various investors and lenders learned about the material misrepresentations and omissions made by Newland and Philbrick.
In addition to the prison term, Newland was sentenced to two years of supervised release, during which time he must complete 200 hours of community service per year. Newland was further ordered to pay a forfeiture of $76,000 and the following property: (i) Personal Distance A, painting by Carroll Dunham; (ii) Untitled 2016 painting, oil and etching on paper, by Christopher Wool; (iii) Untitled 2007 print, Epson UltraChrome inkjet on linen, by Wade Guyton; and (iv) a Jean Prouvé desk. Newland was also ordered to pay restitution to victims in the amount of $67,489,808.
Philbrick, 35, a U.S. citizen formerly residing in the United Kingdom, pled guilty to one count of wire fraud on November 18, 2021. On May 23, 2022, U.S. District Judge Sidney L. Stein sentenced Philbrick to seven years in prison and two years of supervised release. Philbrick was further ordered to pay forfeiture of $86,672,790 and restitution of $82,592,367.
Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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