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Cases / Investment funds & advisory

Schiff Fine Art (SFA Advisory)

Lisa Schiff

ReportedOct 17, 2024
LocationNew York, NY
Amount$6,500,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Schiff Fine Art (SFA Advisory)
Industry
Art advisory - client artwork purchases and sales
How investors were recruited
Art advisory clients (12+), plus an artist, an artist's estate and a gallery
Pitch & red flags
Told clients she would purchase certain artworks on their behalf using their funds, then diverted the money; told clients works had not sold or that buyers were late paying when she had already sold them and been paid

Source

U.S. Department of Justice official

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