Connecticut media are reporting that Charles Magby Jr., owner of Charles Magby Fine Violins Ltd., has been charged with first-degree larceny.
Police say they have received complaints from customers who deposited instruments with Magby for sale or repair and have been unable to get them back. The instruments range in value from $3,000 to $100,000+; they include violins, cellos and bows.
Magby, 63, has been released on $50,000 surety bond. He has traded in the US and internationally for over 30 years.
The police investigation deals a further blow to a trade that has been destabilised by the jailing in Austria of dealer Dietmar Machold and the disappearance of more than a dozen previous instruments.