8/04/2010

Salander Sentenced

New York City art dealer Lawrence Salander was sentenced to 6-18 years in prison plus ordered to pay $118 million in restitution.  From the reports, it looks as if he will have to serve at least six years.  Salander admitted to defrauding and cheating investors, lenders, and collectors out of $120 million.

Click HERE for a Guardian UK article.
Click HERE for a Wall Street Journal article.
Click HERE for a NY Daily News article.

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