Douglas Chrismas, an internationally-known art dealer, was found guilty of embezzling more than $260,000 from the bankruptcy estate of Ace Gallery Los Angeles
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By City News Service Photo: Getty Images LOS ANGELES (CNS) - A noted Los Angeles art dealer was arrested today on federal charges accusing him of embezzling more than $260,000 from the bankruptcy estate of Ace Gallery, a Miracle Mile-based art gallery, while acting as the estate s trustee and custodian. Douglas J. Chrismas, 77, of the Mid-Wilshire area of Los Angeles surrendered without incident Tuesday morning to special agents of the FBI. A federal grand jury charged Chrismas via indictment with three counts of embezzlement against a bankruptcy estate. Chrismas, who was ordered released on $50,000 bond, has pleaded not guilty to the charges and a Sept. 21 trial date has been scheduled, according to the U.S. Attorney s Office.
By City News Service Photo: Getty Images LOS ANGELES (CNS) - A noted Los Angeles art dealer was arrested today on federal charges accusing him of embezzling more than $260,000 from the bankruptcy estate of Ace Gallery, a Miracle Mile-based art gallery, while acting as the estate s trustee and custodian. Douglas J. Chrismas, 77, of the Mid-Wilshire area of Los Angeles surrendered without incident Tuesday morning to special agents of the FBI. A federal grand jury charged Chrismas via indictment with three counts of embezzlement against a bankruptcy estate. Chrismas, who was ordered released on $50,000 bond, has pleaded not guilty to the charges and a Sept. 21 trial date has been scheduled, according to the U.S. Attorney s Office.
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Art dealer and founder of Ace Gallery arrested on embezzlement charges latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.