|
The First Art Newspaper on the Net |
|
Established in 1996 |
|
Monday, December 23, 2024 |
|
Trump pardons Hillel Nahmad, Madison Avenue art dealer |
|
|
Hillel Nahmad, left, known as Helly, leaves a federal courthouse in New York, April 19, 2013. In one of his final gestures before leaving office, President Donald Trump pardoned Nahmad, one of New Yorks best-known art dealers, and member of a wealthy, influential family of art collectors that has been a fixture in auction houses for decades. Robert Stolarik/The New York Times.
by Sarah Bahr
|
NEW YORK (NYT NEWS SERVICE).- In one of his final gestures before leaving office, President Donald Trump pardoned one of New Yorks best-known art dealers, Hillel Nahmad, known as Helly, a member of a wealthy, influential family of art collectors who has been a fixture in auction houses for decades.
Nahmad had served five months in federal prison in 2014 after pleading guilty to a charge that he had led a sports gambling ring. Investigators had said the ring had ties to Russian American organized crime figures, several of whom were also charged in the case.
Nahmad did not respond to a request for comment on his pardon from Trump, who has been something of his neighbor in New York. Nahmad bought every unit on the 51st floor of Trump Tower in Manhattan starting almost two decades ago. Bloomberg reported in 2016 that he paid more than $18.4 million to amass the entire floor.
Nahmads pardon was one of 143 pardons and commutations Trump granted during his final hours in office, including pardoning Stephen Bannon, his former chief strategist, and Dwayne Michael Carter Jr., the musician known as Lil Wayne.
Since his conviction, a White House statement announcing Nahmads pardon said, he has lived an exemplary life and has been dedicated to the well-being of his community.
Nahmads gambling ring drew celebrity participants, and investigators had said he received a large share of the $100 million operations profits. In addition to his prison sentence, Nahmad was ordered to pay a $30,000 fine, forfeit $6.4 million in earnings and enroll in a gambling addiction program.
Your Honor, I am ashamed, Nahmad said in court just before the sentence was handed down, according to Art in America. My family is a private family, and I have brought dishonor to it. No matter what your sentence today, I will never forgive myself. Others who love me may forgive, but I will not.
Nahmads Upper East Side gallery, Helly Nahmad Gallery, on Madison Avenue has exhibited work by luminaries like Pablo Picasso and Francis Bacon.
Among those indicted in the case was Alimzhan Tokhtakhounov, a high-ranking Russian gangster who was accused of having a role in the gambling ring. Tokhtakhounov, who was based in Russia, was never arrested.
Nahmads family, whose fortune began with interests in banking and currency trading in their native Syria and later in Lebanon and Italy, owns one of the largest collections of impressionist and modernist art in the world. The family is worth an estimated $3 billion.
© 2021 The New York Times Company
|
|
Today's News
January 24, 2021
How a historian got close, maybe too close, to a Nazi thief
Trump pardons Hillel Nahmad, Madison Avenue art dealer
Kasmin opens an exhibition of twenty-two monolithic sculptures spanning from 900 A.D. to 2019
Larry King, breezy interviewer of the famous and infamous, dies at 87
MOCA marks 1-year anniversary of fire at archives with online exhibition on Google Arts & Culture
Exhibition at Marc Straus presents a new body of work by Marie Watt
'Moulin Rouge!' was their ticket. Then 2020 happened.
Blum & Poe opens a solo exhibition of works by Paul Mogensen
Mira Furlan, actress on 'Lost' and 'Babylon 5,' dies at 65
Theatre, cinema, concerts thrive in Madrid despite virus
CUE Art Foundation opens group exhibition 'Even there, there are stars'
Contents of spectacular Aynhoe Park sell for double their estimate at Dreweatts
Prompted by the pandemic, Opera Philadelphia innovates online
Original work by nine contemporary artists featured on large-scale murals throughout New York City
Edward Burns returns to Long Island with 'Bridge and Tunnel'
Shannon's announces highlights included in the Winter Online Fine Art auction
London 2012 Summer Olympics Gold Medal sold for more than $73,000 at auction
Nils Stærk presents an exhibition of works by Jone Kvie
Bob Avian, a choreographer of Broadway smashes, dies at 83
Jimmie Rodgers, who sang 'Honeycomb' and other hits, dies at 87
Sudan cinema takes inspiration from revolution
Museum of Nebraska Art opens 'Susan Knight: Core Sampling Magic'
Israeli artist paints 120 shades of Trump
Lofree Innovates the Infinite Possibilities for Mechanical Keyboard Color
The five SEO Mistakes To Avoid In 2021
Why electric scooters are becoming popular?
5 must-see bicycle museums in the US
No Deposit Slots to Play
Reload Bonuses in Slots Explained
What Makes Facebook A Suitable Platform For Businessmen And Marketers?
|
|
|
|
|
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, . |
|
|
|
Royalville Communications, Inc produces:
|
|
|
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful
|
|