Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Helly Nahmad Gallery Raided in Gambling & Money-Laundering Investigation

April 16, 2013 by Marion Maneker

Dealbook has the news of the raid on the Helly Naad gallery this morning:

as part of an investigation in a gambling operation that focused on a Russian organized crime group that ran high-stakes poker games involving Wall Street financiers, Hollywood celebrities and professional athletes, according to people briefed on the matter.

The investigation, which led to the arrests of dozens of people, was largely focused on Internet gambling and money laundering, the people said.

During the raid, which began early Tuesday morning, agents executed a search warrant at the Helly Nahmad gallery,

More from Art Market Monitor

  • The Reckless Drive Necessary to Succeed as a Great GalleristThe Reckless Drive Necessary to Succeed as a Great Gallerist
  • Sotheby’s to Bring Spirit of 2010 to Market with Modigliani TeteSotheby’s to Bring Spirit of 2010 to Market with Modigliani Tete
  • Phillips de Pury Under the Influence = $7.2mPhillips de Pury Under the Influence = $7.2m
  • Is the Price of Connoisseurship Capriciousness?Is the Price of Connoisseurship Capriciousness?
  • ArtList’s 3 Must See Shows: New International Exhibits of Peter Sutherland, KAWS, & Larry BellArtList’s 3 Must See Shows: New International Exhibits of Peter Sutherland, KAWS, & Larry Bell
  • Isn't This My Painting?Isn't This My Painting?

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor