UK:
Mary Boone Pleads Guilty To Tax Fraud
05 November 2018
Withers LLP
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The New York-based dealer Mary Boone plead guilty to two counts
of tax fraud after falsifying 2011 returns to hide her use of $1.6m
in gallery profits to upgrade her Manhattan home. She agreed to pay
more than $3m in restitution to the IRS;
the amount represents the additional tax due as a result of her
filing of "false individual and corporate income tax
returns" for 2009, 2010 and 2011. The tax lawyer Dean R.
Nicyper of Withers says such cases are often scrutinised by judges
and Boone may face jail time due to the prolonged and calculated
nature of her crimes: "The US government will want to make an
example out of a case like this." Sentencing is scheduled for
18 January 2019.
This article was initially published in the October 2018
issue of The Art Newspaper.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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