The First Art Newspaper on the Net Established in 1996 United States Thursday, July 24, 2014


Guggenheim Museum Bilbao Chief Financial Officer Confesses to embezzling US$800,000
The Guggenheim Museum in Bilbao
BILBAO.-Spain's Guggenheim Museum says it has fired its chief financial officer for allegedly embezzling some US$800,000. The popular modern art museum said in a statement that the problems came to light at the beginning of April during an internal audit.

Roberto Cearsolo Barrenetxea has confessed to the embezzlement and returned 287,000 euros to the museum, Guggenheim Bilbao director Juan Ignacio Vidarte said.

The museum has made a formal complaint to a Bilbao court accusing Cearsolo of accounting irregularities found in the books of two funds set up in the 1990s to finance the museum's activities.

Officials said Mr Barrenetxea had confessed to transferring a total of 487,000 euros ($776,000; £394,000) from companies linked to the museum into his personal account since 1998. To be more precise, ge attached a spreadsheet with all his withdrawals which started in 1998. In total, Cearsolo disposed of money 23 times.

The revelation has prompted the museum to undergo an extensive audit of its finances, though officials described the situation as an "isolated case."

The accused had been working for 16 years at the museum. He worked there when the museum was still a project in 1992.







Today's News

April 16, 2008

Guggenheim Museum Bilbao Chief Financial Officer Confesses to embezzling US$800,000

Sony World Photography Awards to be shown at Palais des Festivals in Cannes

Christie's Russian Art presents Important Painting and Works of Art from the 18th to the 20th Century

A View of a Foreign Culture - Melchior Lorck in Turkey 1555-59 at Statens Museum for Kunst

Fundación Gala-Salvador Dalí hava announced Today the Acquisition of Two Paintings

Sothebys May 2008 Sales of Impressionist and Modern Art to feature Masterpieces of Modernism

Front of House: Marcos Corrales, Angela Ferreira, Narelle Jubelin and Andrew Renton

Pope Benedict XVI will be presented with his Official Papal Portrait

140 Renowned Galleries from Germany and Abroad will be on Hand at ART COLOGNE 2008

Innovative Sculpture Donated to Michener Art Museum In Memory of Robert V. Nesi

Dallas Museum of Art Opens Center For Creative Connections

Most Popular Last Seven Days



1.- Archaeologists discover Roman 'free choice' cemetery in the 2,700-year-old ancient port of Rome

2.- Romanians must pay 18 million euros over Kunsthal Museum Rotterdam art heist

3.- Hello Kitty designer Yuko Yamaguchi defends cute character as cat turns 40 years old

4.- eBay and Sotheby's partner to bring world class art and collectibles to a global community

5.- Exhibition on Screen returns with new series of films bringing great art to big screens across the globe

6.- Marina Abramović reaches half way point of her '512 Hours' performance at the Serpentine Gallery

7.- The Phillips Collection in Washington introduces a uCurate app for curating on-the-go

8.- United States comic icon Archie Andrews dies saving openly gay character

9.- New feathered predatory fossil, unearthed in China, sheds light on dinosaur flight

10.- Exhibition at Thyssen Bornemisza Museum presents an analysis of the concept of the 'unfinished'

Related Stories



Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Tunisia to auction ousted despot's treasures

Andy Warhol's Mao portraits excluded from the Beijing and Shanghai shows next year

China criticises French Qing dynasty seal auction

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Nine new exhibits debut at San Diego International Airport

Rembrandt masterpiece "Portrait of Catrina Hooghsaet" back on display at National Museum Cardiff

Amber: 40-million-year-old fossilised tree resin is Baltic gold

Egyptian artist Iman Issa wins the Ist FHN Museu d’Art Contemporani de Barcelona Award

The main chapel of the Basilica of Santa Croce open for visits after five year restoration



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site