THE activities of an art dealer revealed to be ‘dishonest and evasive’, who created false documents to secure loans on pictures which he did not own, have been laid bare in a landmark judgment by the Royal Court.
Exceptionally, the court decided to publish a lengthy judgment in the case of a retired investment banker who…
Art Dealer Andy Valmorbida Makes ‘Extremely Unusual’ Admissions In Alleged Fraud Case, Court Reports
Melbourne-born art dealer Andrew (Andy) Valmorbida, scion of an Italian-imports family dynasty in Australia, reportedly admitted to fraud involving multimillion dollars in artwork last May. A judgment was recently published following the civil case in the offshore tax haven of Jersey, part of the Channel Islands.
Alleged fraudulent deals with artworks by the likes of Francis…
In an "extremely unusual" series of events, Valmorbida openly confessed to his art crimes in court.
According to recently-release court documents detailing proceedings that took place this September, art dealer Andy Valmorbida admitted that he’d created fraudulent documents in order to pass himself off as the owner of paintings by artists including Francis Bacon and Jean-Michel…

