The Curator Who Fed Stolen Art to His Own Foundation for Profit
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The Curator Who Fed Stolen Art to His Own Foundation for Profit
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A discarded gilt-framed oil painting was left against a recycling bollard at 6:08 AM - and it carried a $430,000 paper trail that exposed a scheme. How did a mid-19th-century maritime canvas stolen in Philadelphia end up propped on a sidewalk in Columbus and listed as a tax-deductible donation worth the exact same six-figure sum?
In this episode, we tell how routine paperwork, freight numbers, and an eye for provenance were used to move stolen art through an institution and into tax records, and how one attentive passerby and a skeptical investigator forced the question everyone assumed answered: who signed off on the acquisition and why did the numbers match exactly?
Person: Holly Larsen
Person: Wade Webb
Person: Frank Delmont
Date: May 9, 2014
Event: Stolen painting recovered
- The painting was photographed at 6:08 AM and reported to police by 6:22 AM.
- The canvas measured thirty inches by forty inches and was in a heavy gilt frame.
- The painting had been stolen from a private collector in Philadelphia in January 2013.
- The Delmont Foundation had claimed a $430,000 charitable deduction for the painting in fiscal year 2012.
- Webb’s acquisitions cost between $40,000 and $60,000 while the foundation paid approximately $280,000 for them.
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