The former secretary to Imelda Marcos, the one-time First Lady of the Philippines, has been sentenced to serve between two and six years in prison for tax evasion and ordered to pay the State of New York $3.5 million in taxes after she was accused of stealing and illegally selling a painting by the French Impressionist master Claude Monet for $28 million.

The painting actually belonged to the Philippine government, according to prosecutors. Imelda Marcos fled to the United States when her husband, longtime president Ferdinand Marcos, was deposed in 1986 amid allegations of vote rigging that led to massive protests. She famously left behind 1,060 pairs of shoes in the presidential palace. Ferdinand Marcos died in 1989, and his widow took up residence in New York.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access