Lawrence Salander Sentenced to at Least 6 years in Prison

Upper East Side art gallery giant Lawrence Salander was finally sentenced today to serve at least six years behind bars for a massive, decade-long, $120 million fraud scheme. Salander, 60, was cuffed and carted off to prison in punishment for soaking a roster of 29 wealthy friends and investors, including John McEnroe, Robert De Niro, and some of the East Coast art world’s biggest investors and owners. “There is no excuse. There is no justification,” Manhattan Supreme Court Michael Obus said in rendering his sentence. “The conduct of the defendant has caused terrible damage,” he added, calling the scheme “deplorable,” and noting that its damage was not only financial, but emotional.

Via The New York Post.