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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  
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