London galleries — and some US dealers — have been hit by a rash of electronic thefts by crooks who take over the gallery’s email accounts and interrupt the transmission of invoices at the close of high-ticket sales, substituting fake invoices with throwaway bank accounts that close up and disappear after the money lands — then the crooks stay in the email, interrupting “where’s my money” emails and sending back fake replies assuring the galleries that the “buyer” is doing all they can to locate the rogue payment. (more…)
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Today’s art thieves rob via email
