Art dealer Guy Wildenstein should get a four-year prison sentence and pay a 250 million-euro ($276 million) fine for concealing paintings in an attempt to avoid taxes, French prosecutors said in their closing speech at a month-long fiscal fraud trial.

Guy Wildenstein fraudulently hid assets worth hundreds of millions of euros in offshore trusts to underestimate inheritance taxes, prosecutor Monica d’Onofrio said Thursday at the Paris criminal court. Two years of the prison sentence should be suspended, she said.

Continue reading at http://www.bloomberg.com/news/articles/2016-10-13/art-dealer-should-go-to-jail-for-tax-fraud-prosecutor-says