ARTFUL FRAUD

Robert De Niro Victim of Scam

Life often imitates art—but sometimes art can ruin lives. Robert De Niro’s estate lost more than $1 million after abstract Expressionist paintings by his late father sold without permission as part of a scam by a New York gallery. Art dealer Lawrence Salander was indicted on additional charges for stealing $5 million from several estates as part of an $88 million art investment scam (for which he was arrested in March). Former tennis champion John McEnroe and Bank of America were duped in the original scam. The Lachaise Foundation and the estate of sculptor Elie Nadelman were also victims.