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Onetime art adviser to actor Leonardo DiCaprio gets 2.5 years in prison for $6.5 million fraud

  • Lisa Schiff was sentenced to 30 months in prison after pleading guilty to defrauding clients of $6.5 million through her business, Schiff Fine Art.
  • Schiff used her clients' funds to support a lavish lifestyle, including a $25,000-a-month apartment and luxury trips to Europe, according to prosecutors.
  • Michael Barasch, a victim of Schiff, mentioned in court that her victims could collectively lose up to $10 million when considering legal costs.
  • Prosecutors described the fraud as extensive, noting it lasted around five years and affected more than a dozen clients.
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Onetime art adviser to actor Leonardo DiCaprio gets 2.5 years in prison for $6.5 million fraud

A New York art adviser who once counted actor Leonardo DiCaprio among her wealthy patrons has been sentenced to 30 months in federal prison after admitting to cheating clients out of $6.5 million in connection with the sale of 55 works of art.

·United States
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Entertainment Magazine broke the news in on Wednesday, March 19, 2025.
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