Axelrod To Jail

New Jersey philanthropist Herbert Axelrod has been sentenced to 18 months in prison for tax evasion. “Once called the Medici of the Meadowlands for his patronage of the arts, he was praised just a year earlier for his sale of 30 Stradivarius, Amati and Guaneri violins, violas and cellos to the orchestra. He and some experts had valued the collection at $50 million, but the symphony was able to buy the collection for $18 million.”