NY art dealer heir on tial in France in record tax fraud case

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Guy Wildenstein, a 70-year-old Franco-American, faces up to 10 years in prison if convicted of the alleged offences over hiding his inherited fortune in offshore accounts, for which the tax authorities are demanding an adjustment of 553 million euros. 

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The heir of a New York art-dealing empire, Guy Wildenstein, goes to court in Paris on Thursday for allegedly hiding his family fortune for years in offshore tax havens, with French authorities demanding a staggering 553 million euros ($621 million) in back taxes, reports ABC News.

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