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STAGE TUBE: U.S. Jutice Department in Control of an $11.5 Million Picasso

June 28
12:47 2013

U.S. Authorities are holding a 1909 Pablo Picasso painting for the Italian Government entitled "Compotier et tasse, " or "Fruit bowl and cup" in English, According to the HUffington Post. The painting is worth an estimated $11.5 million, and is being held "pending the outcome of criminal proceedings against its owner in Italy."

The U.S. Justice Department was given control of the painting after Judge Victor Marrero signed an order "following a formal request by the government of Italy." Italian authorities "requested the seizure" due to embezzlement and fraudulent bankruptcy charges against the painting's owner in Italy. The charges allege that the owner "caused the city of Naples to lose $44 million through a variety of schemes."

Click here to read the full story.

STAGE TUBE: U.S. Jutice Department in Control of an $11.5 Million Picasso

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