Billionaire Banker to Be Imprisoned for Smuggling $29 Million USD Picasso Painting

Members from the French and Spanish police had seized a 1906 Pablo Picasso painting from the yacht of Spanish billionaire Jaime Botin (with a networth of $1.7 billion USD to be exact) in Corsica. Defying court orders to keep the work in Spain, Botin attempted to smuggle Picasso's historic Head of a Young Woman portrait out of the country -- a celebrated work from the master artist's pre-Cubist "Rose" period which is valued at $29 million USD, as per Arnet.The business magnate, who was formerly t...