Helly Nahmad Gallery Raided by FBI in Russian Mob Probe

  • April 16, 2013 10:22

  • Email
Helly Nahmad Gallery

Billionaire art dealer Helly Nahmad's gallery was raided by the FBI on Tuesday morning. A longtime tenant at the Carlyle Hotel on Madison Ave., the gallery was searched by the feds as part of a sweep of illegal gambling rings operated by Russian organized crime, Forbes reports.

Heir to an art dealing fortune, with family patriarch, David, listed by Forbes to be worth $1.75 billion as of last month (down from $3 billion in 2011), Helly Nahmad has not been named as one of the dozens who were arrested around New York and elsewhere in the U.S. during the massive sweep.

Feds are investigating an extensive network of sports-betting and high-stakes poker dens frequented by the rich and powerful.

Forbes updated the story with an announcement from the U.S. Attorney for the Southern District of New York alleging that one of the enterprises in the scheme laundered tens of millions of dollars through Cyprus shell companies and bank accounts.

Helly Nahmad's connection to the probe has not yet been made public.

Read more at Forbes

Tags: european art

  • Email

More News Feed Headlines

Professor David C.  Driskell

David C. Driskell, Artist and African American Art Scholar, Remembered

  • ArtfixDaily / April 2nd, 2020

David C. Driskell passed away on April 1st 2020 at the age of 88. From the David C. Driskell Center for the Study ...

Read More...
Offered by Christie's in Private Sales online, John Singer Sargent (1856-1925) Cypresses and Pines, signed ‘John S.  Sargent' (lower right) oil on canvas, 28 x 36 in.  Painted in 1913.  Price on request.

Sotheby's, Christie's Furlough Staff; and the Shift to Digital and Private Sales Accelerates

  • Observer / April 2nd, 2020

Due to the sudden loss of sales from live auctions and logistical challenges during the evolving coronavirus crisis, ...

Read More...
Dalí, Portrait of Grandmother Anna Sewing, 1920.  Dalí Theatre-Museum

Get Transported to the Salvador Dali Museums in Spain With A Virtual Tour

  • ArtfixDaily / April 1st, 2020

"A true painter is one who can paint extraordinary scenes in the middle of an empty desert. A true painter is one who ...

Read More...
Thomas Moran, Fiercely the Red Sun Descending

Need a New Zoom Background? This Museum Has You Covered

  • ArtfixDaily / April 1st, 2020

For people with stay-at-home orders shifting to Zoom and other virtual meeting apps, the North Carolina Museum of Art ...

Read More...

Related Events

Goto Calendar

ARTFIXdaily Artwire