Heiress Accuses Art Adviser to the Stars of ‘Ponzi Scheme’

Photo Illustration by Luis G. Rendon/The Daily Beast/Getty/PixabayArt adviser Lisa Schiff has made a career cutting deals for the rich and famous. Her client list has included Leonardo DiCaprio, and Young Paris once serenaded her at Art Basel. She’s been quoted and featured with regularity in the media, including The New York Times, Architectural Digest, and CNN.But now some ugly accusations about how she finances her high-flying lifestyle threaten to shatter her image.Two clients who were once her very close friends filed a lawsuit in New York Supreme Court on Thursday, claiming that Schiff has been “running a Ponzi scheme.” The real-estate heiress Candace Barasch and Richard Grossman alleged that the Tribeca art buyer failed to pay them $1.8 million from the sale of a contemporary painting.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast here