Trump pardons Hillel Nahmad, Madison Avenue art dealer

The First Art Newspaper on the Net    Established in 1996 Saturday, April 20, 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 York’s 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 York’s 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.

Nahmad’s 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 Nahmad’s pardon said, “he has lived an exemplary life and has been dedicated to the well-being of his community.”

Nahmad’s gambling ring drew celebrity participants, and investigators had said he received a large share of the $100 million operation’s 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.”

Nahmad’s 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.

Nahmad’s 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'

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'

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

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, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit
Attorneys
Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. 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 Parroquia Natividad del Señor
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