Lender Accuses Art Dealer Of Contempt On Undisclosed Docs

Law360, London (February 13, 2019, 5:27 PM GMT) -- A British art dealer indicted in the U.S. for securities fraud should face prison in the U.K. for failing to disclose his assets after he is said to have sold millions of pounds worth of artworks used as collateral for loans, the lender's lawyers said Wednesday.

Peer-to-peer lender Funding Secure Ltd. made a committal application at London’s High Court against art dealer Matthew Green for contempt of court. The lender claims he breached two court orders requiring him to disclose information about his wealth, including details of what happened to artworks by Pablo Picasso and other artists.

Thomas Grant QC, representing...

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