Lawrence Salander, the owner of Manhattan’s Salander-O’Reilly Galleries, is accused of selling art belonging to other people and keeping the proceeds, selling the same piece of art more than once, and luring wealthy investors into bogus or non-existent investment opportunities.

According to the authorities, he used the proceeds of his fraud to fund an opulent lifestyle of private jet trips, a lavish party for his wife and the purchase of a 66-acre (26-hectare) country estate, as well as in a failed effort to corner the Renaissance art market.

By: telegraph.co.uk     Read more >>