A photography dealer from Michigan has pleaded guilty to one count of wire fraud related to a scheme involving more than 10 clients and about $1.5 million in art, including Ansel Adams photographs.
for what prosecutors alleged was a scheme to defraud her customers and embezzle the proceeds over the course of the previous two years.
“Throughout the scheme, Beard attempted to lull her victims into a false sense of security by offering excuses for her unwillingness or inability to promptly return the victims’ photographs after the expiration of the operative consignment agreements,” the Attorney’s Office says. Beard has acknowledged defrauding more than 10 victims over the course of her two-year scheme and further admitted that at least one was selected due to their vulnerability: they were at an “advanced age,” the plea agreement says.
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