Embattled New York adviser Lisa Schiff pleads guilty to defrauding clients out of $6.5m
The Justice Department says that between 2018 and 2023, Schiff defrauded at least 12 clients, an artist, the estate of another artist and a gallery out of at least $6.5m. By May 2023, Schiff’s debts had spun out of control, and she confessed her actions to several clients.