Live news: Former art advisor Lisa Schiff pleads guilty to defrauding clients out of $6.5mn
A former art adviser to stars including Leonardo DiCaprio has pleaded guilty to defrauding clients out of $6.5mn to fund what prosecutors claim was a “lavish” New York City lifestyle. Lisa Schiff, who ran a contemporary art advising business in Manhattan, filed for bankruptcy earlier this year after being sued by former customers.