At a Juan Gris exhibition in Rome organised by cubist dealer Daniel-Henry Kahnweiler, Ezra and David bought two works – the only pieces sold.
Kahnweiler befriended them, selling them works by Picasso, Braque, Gris.
The government is seeking the forfeiture of four high-end properties, including an apartment at Trump Tower on Fifth Avenue and two Miami estates, in connection with the case. Nahmad has been accused of defrauding a client by overpricing a k painting by selling it for an overvalued 0,000.As teenagers in the 1960s, they began to deal in art.Ezra and David skipped school to trade on the Italian stock market.New York’s Helly Nahmad Gallery, on Madison Avenue, is a separate company run by David’s son, who took over his father’s earlier Davlyn Gallery.
David Nahmad was the 1996 Backgammon World Champion, and is known for betting large amounts of money on the game.
Forbes stated that it was part of a “sweep of illegal gambling rings operated by Russian organised crime.” The New York Times have also reported “Helly Nahmad has been indicted for his role operating and financing high-stakes poker games involving Wall Street financiers, Hollywood celebrities and professional athletes.” The actions taken on 16 April were part of a wider probe into Russian organised crime in the United States. Attorney for the Southern District of New York issued statements alleging that one enterprise in this scheme laundered tens of millions of dollars through Cyprus companies and bank accounts.