Thursday, April 25, 2024
 
 

Former Guggenheim Bilbao Exec Sentenced to Prison

November 30th, 2009 in Criminal
Skip to comments (0) ↓
 

guggenheim.bilbao

Some of you may remember that about a year ago the director of the Guggenheim Bilbao, Juan Ignacio Vidarte, admitted that the museum lost €4.2 million of public money when it purchased Richard Serra’s The Matter of Time (2005) using US dollars rather than euros to buy the work. An investigation and audit also uncovered the embezzlement of over €480,000 by former Guggenheim chief financial officer Roberto Cearsolo.

Cearsolo has admitted to stealing more than €486,000 ($775,000) from the Guggenheim Bilbao museum, and was recently sentenced by a Spanish court in Madrid to 32 months in prison.

 

Tags: , , ,

This entry was posted on Monday, November 30th, 2009 at 12:55 pm and is filed under Criminal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Comments

No comments so far.
  • Leave a Reply
     
    Your gravatar
    Your Name
     
     
     

     
     
 
Legal

Clancco, Clancco: The Source for Art & Law, Clancco.com, and Art & Law are trademarks owned by Sergio Muñoz Sarmiento. The views expressed on this site are those of Sergio Muñoz Sarmiento and of the artists and writers who submit to Clancco.com. They are not the views of any other organization, legal or otherwise. All content contained on or made available through Clancco.com is not intended to and does not constitute legal advice and no attorney-client relationship is formed, nor is anything submitted to Clancco.com treated as confidential.

Website Terms of Use, Privacy, and Applicable Law.
 

Switch to our mobile site