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Australian art dealer admits to multimillion-dollar frauds over Bacon, Basquiat paintings

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“It is extremely unusual for a Defendant in a civil case to be cautioned in this way and members of the Court had no prior experience of the principal witness in a case (as Mr Valmorbida was) being cautioned,” they said.

“Before closing arguments his [lawyer] conceded … Mr Valmorbida had…



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