Los Angeles art dealer gets jail for bilking clients out of $1 million | US News

LOS ANGELES A former Los Angeles art dealer who prosecutors say embezzled more than $1 million from clients including former Walt Disney Co President Michael Ovitz was sentenced on Monday to six months in jail.

Perry Rubenstein, 63, was also ordered to pay $1.1 million in restitution to Ovitz and a second victim, Michael Salke, according to a spokesman for the Los Angeles County District Attorney’s Office.

Rubenstein pleaded guilty in March to two counts of grand theft by embezzlement in connection with the sale of art by Takashi Murakami and Richard Prince.

Prosecutors say that in 2012 Rubenstein sold a Murakami art on behalf of Salke but failed to turn over all of the proceeds to him.

The following year, Rubenstein sold two Prince paintings for Ovitz but never turned over the money to his client, according to prosecutors.

An attorney for Rubenstein could not immediately be reached for comment on Monday.

The Los Angeles Times reported read on ……..
http://rockstarseo.ca/los-angeles-art-dealer-gets-jail-for-bilking-clients-out-of-1-million-reuters/

Sports News – Los Angeles Kings fire general manager Dean Lombardi, head coach Darryl Sutter

The Los Angeles Kings announced sweeping changes to their front office Monday, firing longtime general manager Dean Lombardi and head coach Darryl Sutter in the process.

Assistant general manager Rob Blake was promoted to GM while longtime Kings business executive Luc Robitaille was named team president.

The changes come after the Kings missed the playoffs for the second time in three years. They haven’t won a playoff round since winning the Stanley Cup in June 2014.

Lombardi was let go after 11 years at the helm. He built a team that won the Kings their first two Stanley Cups in franchise history, both with Sutter behind the bench.

“This was an extremely difficult decision and was made with an enormous amount of consideration for what we have accomplished in our past. But the present and future of our organization is the highest priority,” Dan Beckerman, president and CEO of the Kings’ parent company, AEG, said in a statement
http://www.espn.com/nhl/story/_/id/19129716/los-angeles-kings-fire-general-manager-dean-lombardi-head-coach-darryl-sutter