Billionaire On The Lam: The Axelrod Myth Unravels

In the days since New Jersey philanthropist Herbert Axelrod fled to Cuba to avoid indictment on tax evasion charges, details have begun to emerge about the man who had been called New Jersey’s greatest arts benefactor. “It has become clear that myth and reality were always hard to separate in the life of Herbert Axelrod, whether the subject be tropical fish, charity or musical instruments… A review of lawsuits, public documents and interviews with those who were once close to Axelrod suggest he was never quite what people thought. Court papers filed in a pending lawsuit against him depict him as a liar and a womanizer who funneled cash in the form of author’s payments to a woman with whom he had a years-long affair.”