Salander’s sentencing postponed to August
Disgraced dealer allowed to remain out of jail on bail
By Katharine Albritton and Marisa Mazria Katz. Web only
Published online: 23 June 2010
new york. At a hearing in New York’s Criminal Court today, Lawrence Salander was told that he will be allowed to remain out of prison on bail until his new sentencing date in August.
While arguing that Salander should be arraigned, Assistant District Attorney, Micki Shulman called the former owner of bankrupt Salander O'Reilly Galleries a “skillful manipulator and con-artist through and through.”
Salander’s attorney, Chuck Ross argued that the public has “an impression that Mr Salander has a steel trap mind, but that’s not my impression of my client,” before continuing to say that though he has had an alcohol abuse problem for years, Salander is now 60 days sober. Ross also argued that Salander should be allowed to remain out of jail on bail in the hopes of raising restitution.
Manhattan Supreme Court Justice Michael J. Obus said that he was “not expecting any form of restitution”, but that taking into account the schedules of the attorneys and the court, Salander will be sentenced on 3 August. Shulman was visibly upset as she left the courtroom, commenting, “I think you know my response to this.”
Ross, on the other hand, said, “We’re pleased the judge did not put Mr Salander in jail today as we continue to have high hopes Mr Salander will raise restitution."
Salander pleaded guilty to 29 counts of grand larceny on 18 March. He admitted to defrauding victims to the tune of $120m by collecting money for phony art-investment schemes and selling shares in paintings twice-over, as well as selling art he did not own and keeping the proceeds. He faces a maximum sentence of 18 years in prison.
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