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Prince Charles entangled in $ 136M Art Fraud Case




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Prince Charles and his charities have been caught up in a royal scandal over an alleged art hoax with paintings probably worth $ 136 million. The paintings of Claude Monet, Salvador Dali and Pablo Picasso were lent to Dumfries House, the headquarters of the Prince & # 39; s Foundation, by businessman James Stunt, but they are now believed to be forgeries, Bloomberg reports. Notorious American art forger Tony Tetro, who served time in prison for forging masterpieces in the 1

970s and 1980s, claims to have created the works, including a Monet painting of water lilies valued at $ 50 million, Times of London reports.

Stunt, the former wife of Formula 1 heiress Petra Ecclestone, lent the paintings to the Prince's charity for ten years. Vanity Fair notes that spending time in a property linked to the British Royal would probably increase the auction value for all works of art. Tetro, who is considered one of the biggest forgers alive, says he decided to speak out after learning about the loan contracts between Stunt and the Prince's charity and heard that Stunt was considering selling the fake Monet to repay creditors. "It is extremely regrettable that the authenticity of these specific paintings, which are no longer displayed, now seems to be in doubt," said a spokesman for the Prince & # 39; s Foundation. (Read more Prince Charles stories.)

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