Los Angeles art play gets jail for bilking clients out of $1 million

0


LOS ANGELES A former Los Angeles art play who prosecutors contend embezzled some-more than $1 million from clients including former Walt Disney Co President Michael Ovitz was condemned on Monday to 6 months in jail.

Perry Rubenstein, 63, was also systematic to compensate $1.1 million in compensation to Ovitz and a second victim, Michael Salke, according to a orator for a Los Angeles County District Attorney’s Office.

Rubenstein pleaded guilty in Mar to dual depends of grand burglary by piracy in tie with a sale of art by Takashi Murakami and Richard Prince.

Prosecutors contend that in 2012 Rubenstein sole a Murakami art on interest of Salke though unsuccessful to spin over all of a deduction to him.

The following year, Rubenstein sole dual Prince paintings for Ovitz though never incited over a income to his client, according to prosecutors.

An profession for Rubenstein could not immediately be reached for criticism on Monday.

The Los Angeles Times reported that Rubenstein was a high-profile art play in Manhattan before relocating to a West Coast, where celebrities such as rocker Neil Young and artist Shepard Fairey attended a opening of his new gallery.

Ovitz, 70, helped found Creative Artists Agency in 1975 and served as boss of a Walt Disney in a late 1990s.

(Reporting by Dan Whitcomb; Editing by Lisa Shumaker)

Share.

About Author

Leave A Reply