The ongoing legal conflict between crypto tycoon Justin Sun and entertainment figure David Geffen has escalated to include accusations of fraud and forgery regarding a $78m sculpture. Sun claims that his former art consultant, Sydney Xiong, unlawfully diverted the sculpture to Geffen after selling it under false pretenses. Geffen's countermove deems Sun's narrative as unfounded and highlights alleged inconsistencies. Legal representatives further allege that Xiong is detained in China for theft, complicating the case's development amidst conflicting parties' statements.
In a unique twist, Sun's legal indictment alleges that both fraud and forgery are at play, casting doubt on Geffen's acquisition of the sculpture.
Sun claims that Xiong pocketed hundreds of thousands of dollars in a fraudulent scheme involving false documentation, leading to a complex dispute with Geffen.
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