NEW YORK—A New York art adviser who once counted actor Leonardo DiCaprio among her wealthy clients pleaded guilty Thursday to wire fraud, admitting to cheating over a dozen clients out of $6.5 million in the sale of 55 artworks.
Lisa Schiff, 54, of Manhattan, entered the plea in federal court, agreeing that she diverted client money from 2018 to May 2023 to pay personal and business expenses.
While pleading before Judge J. Paul Oetken in Manhattan, Schiff agreed to forfeit $6.4 million. Sentencing was set for Jan. 17. Although wire fraud carries a potential 20-year prison term, a plea deal with prosecutors recommends a sentencing range of 3 1/2 to 4 1/4 years in prison….