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    • Embattled New York adviser Lisa Schiff pleads guilty to defrauding clients out of $6.5m

    Embattled New York adviser Lisa Schiff pleads guilty to defrauding clients out of $6.5m

    Embattled New York adviser Lisa Schiff pleads guilty to defrauding clients out of $6.5m

    “Lisa Schiff attempted to paint a picture of a successful fine-art advisory business, when in reality—as she admitted today—it was actually a multimillion-dollar fraudulent scheme,” the FBI’s James E. Dennehy said in a statement.

    Disgraced adviser Lisa Schiff’s art holdings planned for auction at Phillips starting in November

    Disgraced adviser Lisa Schiff’s art holdings planned for auction at Phillips starting in November

    According to Artnet News, the sale will take place in two tiers: lower-valued decorative items will be offered through Millea Brothers Auctioneers, while bigger-ticket works of art will be handled by Phillips.