Wednesday, September 18, 2019
 

Collector lawsuit against Gagosian can move forward

Tananbaum, the chief investment officer of GoldenTree Asset Management LP — or, as Gagosian called him, the “imperious” multimillionaire — claims [Gagosian] lures unwary investors with promises of custom-made art, then keeps them waiting, and waiting, all the while using their payments to keep the scheme going. In his initial complaint he called it a “garden-variety, interest-free fraudulent financial routine that hearkens the name Ponzi.”

More via Bloomberg News.

 

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