Art Dealer Wildenstein on Trial for Large Scale Tax Fraud

The trial of International art dealer Guy Wildenstein on charges of tax fraud and money laundering began Monday in Paris. Wildenstein, 70, the Franco-American heir of a New York art-dealing empire, is accused of hiding the bulk of his inherited fortune in offshore accounts.

Wildenstein's late stepmother Sylvia, and his sister-in-law Liouba, turned him in. The French authorities demand $600 million in back taxes, and he could face as much as 10 years in prison.