Art dealer must pay to investors, whom he deceived, $ 120 million

ARTinvestment.RU recently reported the results auction of works from the gallery dealer, fraudster Lawrence Selendera (Lawrence Salander) , deceived its customers, totaling $ 120 million. We wrote that the sentence he would be handed down on June 23, the other day the verdict was delayed until August 3.

18 March this year, art dealer pleaded guilty to 29 counts of . He involved in fraudulent investment scheme, as well as selling products, which actually was not their own. If Selender not pay a third in August at least some of the stolen 120 million, it can be sent to prison for six years. It was reported earlier that the dealer faces 18 years in prison.

Selender convince a judge that he should go free a little more - in order to recover from alcoholism, to take money from friends, take part in bankruptcy proceedings and assist their victims to recover their work, selling fraudulently. Prosecutor Mickey Shulman (Micki Schulman), unsuccessfully demanded immediately put the dealer said that he does not even have a plan to compensate victims, he never helped with the bankruptcy, did not meet with any victim, and even said he was "too sober" in order to begin treatment in a rehabilitation clinic. In turn, the lawyer Selendera argues that his client was "doing his best to" get the necessary funds, but is there in this world, someone ready to lend him with such a "track record" Money is not reported.

Among deceived Selenderom collectors - famous tennis player John McEnroe (John McEnroe), who lost $ 2 million in investments in the two pictures details machinations Selendera can read the article « "It Antiquaries" American-style », as well as in other publications, AI, covering the vicissitudes of this history.

Material prepared by Julia Maximova, AI

Sources: nypost.com , artinvestment.ru