Agents raid gallery in carlyle hotel in gambling probe - the new york times money laundering consequences

Agents raid gallery in carlyle hotel in gambling probe – the new york times money laundering consequences

Agents removed computers from the helly nahmad gallery in the carlyle hotel on tuesday; officials said the gallery played a leading role in an international gambling and racketeering case. Credit

Michael appleton for the new york times

Outside the rarefied world of art dealers and collectors, where discretion is often prized nearly as much as the art itself, the nahmad family does not attract the same recognition as some of their fellow billionaires.

But for those who trade in multimillion-dollar paintings, they have long been a major presence at the premier auctions held every spring and fall at sotheby’s and christie’s, where they often descend, wives and children included, and have been known to argue loudly with one another, even while others around them engaged in more genteel bidding.

Despite sneers from some of their more staid peers who have accused them of unfairly negotiating special terms with auction houses, they are among the most powerful, wealthy and colorful members of the elite global club of fine art dealers.Money laundering consequences

“they have sold more works of art than anybody alive,” christopher burge, the former chairman of christie’s new york, once said.

Two men arrested on tuesday as part of the investigation were anatoly shteyngrob and, back, a smiling anatoly golubchik. Credit

John marshall mantel for the new york times

Mr. Nahmad, the indictment said, also wired money — once for $500,000 and another time for $850,000 — from his father’s bank account in switzerland to a bank account in america to help finance the gambling operation.

The nahmad family’s rise to prominence dates from its roots in aleppo, syria, where the family’s patriarch, also named hillel, was a successful banker in the middle of the last century.

He had three sons, david, ezra and giuseppe; giuseppe died last year in london.

David nahmad, whose son hillel ran the new york gallery, has been described as a risk-taker in both business and life.Money laundering consequences in monte carlo, he won the world championship of backgammon in 1996.

Over the years the family has amassed an estimated 300 picassos worth $900 million, and about 4,500 other works by artists including monet and miró, many secreted in a duty-free warehouse near the geneva airport. It is a treasure that forbes estimated to be worth over $3 billion. Before this week, hillel nahmad’s gallery was a cynosure of refinement and wealth, with masters like wassily kandinsky and francis bacon on the walls.

With an entrance at madison avenue and 76th street, the gallery’s connection with the carlyle, itself synonymous with privilege, added to its prestige. The gallery has been at the carlyle since at least the late 1990s.

Alimzhan tokhtakhounov credit

Associated press

Mr. Tokhtakhounov, the indictment said, oversaw the laundering of money generated by a huge sports-betting operation in the former soviet union that served russian oligarchs.Money laundering consequences

Mr. Tokhtakhounov, who remains at large, was indicted in 2002 on charges that he was part of a scheme to rig the results of the winter olympic finals in salt lake city in pairs figure skating and ice dancing.

In july 2002, italian tax authorities detained mr. Tokhtakhounov at his villa in tuscany at the request of federal prosecutors in new york.

According to a criminal complaint filed in federal court in manhattan in that case, he was accused of working with an unidentified member of a russian crime gang and an unidentified russian skating official to rig the competition. He helped secure a gold medal for russia in the pairs event in exchange for a victory for the french ice dancing team, according to the complaint.

However, italy’s highest court overturned an extradition order, and he was never brought to the united states to stand trial.

In 2008, mr.Money laundering consequences tokhtakhounov, who has been linked with powerful russian politicians, including some close to president vladimir V. Putin, was interviewed by ESPN and denied all the charges against him regarding the olympics scandal.

“all that’s being written about me is completely untrue,” he said. Still, he seemed to revel in his lavish lifestyle.

Agents removed computers from the helly nahmad gallery in the carlyle hotel on tuesday; officials said the gallery played a leading role in an international gambling and racketeering case. Credit

Michael appleton for the new york times

Outside the rarefied world of art dealers and collectors, where discretion is often prized nearly as much as the art itself, the nahmad family does not attract the same recognition as some of their fellow billionaires.

But for those who trade in multimillion-dollar paintings, they have long been a major presence at the premier auctions held every spring and fall at sotheby’s and christie’s, where they often descend, wives and children included, and have been known to argue loudly with one another, even while others around them engaged in more genteel bidding.Money laundering consequences

Despite sneers from some of their more staid peers who have accused them of unfairly negotiating special terms with auction houses, they are among the most powerful, wealthy and colorful members of the elite global club of fine art dealers.

“they have sold more works of art than anybody alive,” christopher burge, the former chairman of christie’s new york, once said.

Two men arrested on tuesday as part of the investigation were anatoly shteyngrob and, back, a smiling anatoly golubchik. Credit

John marshall mantel for the new york times

Mr. Nahmad, the indictment said, also wired money — once for $500,000 and another time for $850,000 — from his father’s bank account in switzerland to a bank account in america to help finance the gambling operation.

The nahmad family’s rise to prominence dates from its roots in aleppo, syria, where the family’s patriarch, also named hillel, was a successful banker in the middle of the last century.Money laundering consequences

He had three sons, david, ezra and giuseppe; giuseppe died last year in london.

David nahmad, whose son hillel ran the new york gallery, has been described as a risk-taker in both business and life. In monte carlo, he won the world championship of backgammon in 1996.

Over the years the family has amassed an estimated 300 picassos worth $900 million, and about 4,500 other works by artists including monet and miró, many secreted in a duty-free warehouse near the geneva airport. It is a treasure that forbes estimated to be worth over $3 billion. Before this week, hillel nahmad’s gallery was a cynosure of refinement and wealth, with masters like wassily kandinsky and francis bacon on the walls.

With an entrance at madison avenue and 76th street, the gallery’s connection with the carlyle, itself synonymous with privilege, added to its prestige. The gallery has been at the carlyle since at least the late 1990s.Money laundering consequences

Alimzhan tokhtakhounov credit

Associated press

Mr. Tokhtakhounov, the indictment said, oversaw the laundering of money generated by a huge sports-betting operation in the former soviet union that served russian oligarchs.

Mr. Tokhtakhounov, who remains at large, was indicted in 2002 on charges that he was part of a scheme to rig the results of the winter olympic finals in salt lake city in pairs figure skating and ice dancing.

In july 2002, italian tax authorities detained mr. Tokhtakhounov at his villa in tuscany at the request of federal prosecutors in new york.

According to a criminal complaint filed in federal court in manhattan in that case, he was accused of working with an unidentified member of a russian crime gang and an unidentified russian skating official to rig the competition. He helped secure a gold medal for russia in the pairs event in exchange for a victory for the french ice dancing team, according to the complaint.Money laundering consequences

However, italy’s highest court overturned an extradition order, and he was never brought to the united states to stand trial.

In 2008, mr. Tokhtakhounov, who has been linked with powerful russian politicians, including some close to president vladimir V. Putin, was interviewed by ESPN and denied all the charges against him regarding the olympics scandal.

“all that’s being written about me is completely untrue,” he said. Still, he seemed to revel in his lavish lifestyle.