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Disgraced Art Advisor Lisa Schiff Sentenced to 2.5 Years in Prison for Fraud

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Art advisor Lisa Schiff, who helped build art collections for a roster of ultra-wealthy clients, including several celebrities, before her business collapsed amid allegations of serious financial misdeeds, was sentenced to two and a half years in prison, with two years supervised release, in federal court in Downtown Manhattan this morning. Sign up for our daily newsletter. During the sentencing, where her victims Candace Barasch and her husband Michael Barasch, and Richard Grossman and his spouse Adam Sheffer were present, Schiff addressed the court in a white blouse under a green shawl. Turning to face her victims, she apologized for her criminal behavior, saying she had read each of their letters. Sign up for our daily newsletter. “Today, I am standing before you as a criminal who has hurt colleagues family and friends,” she said. “I stole from them. I lied to them. I lived lavishly. I’m prepared to accept responsibility. I am scared but ready to make amends.” Schiff must surrender

Law & Politics Disgraced Art Advisor Lisa Schiff Sentenced to 2.5 Years in Prison for Fraud Clients say that she made off with millions. Civil suits are ongoing. Lisa Schiff, 2021. Eileen Kinsella Mar 19, 2025 Share Share This Article Art advisor Lisa Schiff, who helped build art collections for a roster of ultra-wealthy clients, including several celebrities, before her business collapsed amid allegations of serious financial misdeeds, was sentenced to two and a half years in prison, with two years supervised release, in federal court in Downtown Manhattan this morning. The best of Artnet New

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