Network News

X My Profile
View More Activity

N.Y. art dealer to plead guilty to $100M swindling history

A once high-flying Manhattan art dealer plans to admit swindling nearly $100 million from his star-studded clientele, his lawyer says.

Attorney Charles Ross says former gallery owner Lawrence B. Salander expects to plead guilty Thursday to grand larceny and scheme to defraud. Victims include tennis great John McEnroe and the estate of actor Robert De Niro's father.

Salander is accused of financing a deluxe lifestyle by selling art he didn't own and luring clients into bogus art investment opportunities. Prosecutors say McEnroe lost more than $2 million. The estate of abstract expressionist Robert De Niro Sr. lost more than $1 million.

A judge shut down the dealer's Salander-O'Reilly Galleries LLC in 2007.

-- Associated Press

By Washington Post Editors  |  March 18, 2010; 11:00 AM ET
Categories:  Around the Nation , Celebrities  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: D.C. police seek public's help in robberies in NE
Next: Pedestrian killed in Pr. George's hit-and-run identified

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company