Wednesday, August 04, 2010

Art Dealer Is Sentenced for $120 Million Scheme

The victims took turns standing at a lectern in State Supreme Court in Manhattan and calling for a harsh sentence. And in the end, despite a tearful plea for mercy from the defendant, Justice Michael J. Obus ordered Mr. Salander, 61, to serve 6 to 18 years in prison, the maximum term agreed upon in the plea arrangement. He also ordered Mr. Salander to pay more than $114 million in restitution, but acknowledged that it was unlikely that Mr. Salander would be able to come up with that sum.
Read the NYT story here.

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