Art Dealer Salander Pleads Guilty To $120M Fraud

”’I am deeply ashamed and sorry for my actions,’ the dealer, Lawrence B. Salander, 60, said after acknowledging that he had defrauded clients including the tennis star John McEnroe; Roy Lennox, a hedge fund manager; and Earl Davis, the son of the painter Stuart Davis.” He admitted “to 29 charges of grand larceny and scheming to defraud investors.”

Bloomberg Ending Charitable Program For NYC Nonprofits

Through the program, the billionaire mayor has channeled “nearly $200 million of his fortune” to local groups. “His decision, which is not yet public, has set off alarm in the city’s arts and social services worlds, which depend heavily on his largesse and are grappling with deep budget cuts and a brutal fund-raising climate.”