Art adviser Lisa Schiff pleaded guilty to wire fraud for defrauding clients, including Leonardo DiCaprio, of $6.5M and faces 3.5-4.25 years in prison.

Art adviser Lisa Schiff has pleaded guilty to wire fraud after defrauding over a dozen clients, including actor Leonardo DiCaprio, of $6.5 million from 2018 to May 2023. She diverted client funds for personal expenses while operating Schiff Fine Art. Facing a potential 20-year prison term, a plea deal recommends a sentence of 3.5 to 4.25 years. Schiff will forfeit $6.4 million and aims to assist in recovering funds for her victims. Sentencing is set for January 17.

October 17, 2024
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