Man Pleads Guilty for Role in Sale of Fake Painting on eBay

A California man who went on the run for two years after being accused in an Internet scheme to sell a fake painting purportedly by a famous American abstract artist pleaded guilty to six counts of money laundering, U.S. prosecutors said. Kenneth Fetterman entered the guilty pleas in U.S. District Court in Sacramento for his role in the plot to inflate the price of a fake Richard Diebenkorn painting and other art works placed for auction on eBay Inc.