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BofA, Others Duped By Dealer In $88M Art Scam: DA

Law360 (March 26, 2009, 12:00 AM EDT) -- Bank of America NA was among more than two dozen victims of a former New York art gallery owner who was arrested and charged by prosecutors Thursday over an $88 million art swindle.

The alleged con man, Lawrence B. Salander, and his company, Salander-O'Reilly Galleries Inc., were charged by the New York County District Attorney's Office in a 100-count indictment that detailed a 13-year scam to dupe the bank, various investment firms, art dealers and former tennis champ John McEnroe.

Salander defrauded 26 victims between July...
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