Salander Arrested, Charged With Stealing $88 Million

“A noted Upper East Side art dealer has been indicted on charges he stole $88 million from investors and collectors who consigned artwork to him and said they were cheated out of the sale proceeds or never saw the pieces again, according to a person briefed on the case. The dealer, Lawrence B. Salander, and his business, the Salander-O’Reilly Galleries, were charged by a grand jury with 100 counts including grand larceny, falsifying business records, scheming to defraud, forgery and perjury….”