A Spanish Billionaire Was Fined $58M for Attempting to Smuggle His Picasso Out of the Country

83-year-old Jaime Botin received an 18-month jail sentence, which will likely be deferred in light of his age, first-time offender status — and because he’s super-rich and a member of an influential banking family.

A Spanish Billionaire Was Fined $58M for Attempting to Smuggle His Picasso Out of the Country
83-year-old Jaime Botin received an 18-month jail sentence, which will likely be deferred in light of his age, first-time offender status — and because he’s super-rich and a member of an influential banking family.