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April 26, 2002 - Image 20

Resource type:
Text
Publication:
The Detroit Jewish News, 2002-04-26

Disclaimer: Computer generated plain text may have errors. Read more about this.

Taubman's
Troubles

community leaders
react to sentencing.

ALAN ABRAMS
Special to the Jewish News

D

For Israeli children, walking to school can be a matter of survival.

Jewish National Fund is paving the way for safer travel in Israel.

SHETULA, Israel, 7:30 a.m. Seven-year-old David

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will soon travel a new road: a safe, secure road
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etroit Jewish leaders reacted
with disappointment to the
sentencing of Bloomfield
Hills businessman and phi-
lanthropist A. Alfred Taubman to
serve one year and a day in prison for
his role in a price-fixing scheme as
chairman of Sotheby's auction house.
U.S. District Judge George B.
Daniels in Manhattan sentenced the
78-year-old
Taubman on April
22. Daniels also
ordered Taubman,
a Pontiac native, to
pay a $7.5 million
fine. Taubman was
convicted Dec. 5 of
conspiring with
Sotheby's rival
A. Alfred
Christie's
International to set Taubman
nearly identical
non-negotiable
commissions that were charged to
customers putting fine works of arr
and other rare objects up for auction.
Over six years, from 1993 to 1999,
sellers were overcharged $43.8 mil-
lion.
Taubman, who was chairman of
Sotheby's from 1983 to 2000, has
already spent $186 million of his own
funds to settle civil and securities suits
brought against Sotheby's.
Taubman's attorneys are appealing
the sentence, said Chris Tennyson, a
Detroit spokesman for Taubman.
The New York Times reported that
under "a little known provision,
Taubman was also ordered to pay for
his incarceration, a cost a federal
Bureau of Prisons spokesman said was
at least $21,601 a year."
Bloomfield Hills attorney Arthur
Liss of Liss & Associates PC, knows
Taubman socially and through the
Jewish Federation of Metropolitan
Detroit, according to Tennyson.
"One thing the judge has to do in
sentencing is look at the total pic-
ture," Liss said. "It is very obvious he
said no one is above the law. And
because of Alfred Taubman's great
prominence in the business world, in
society, and in philanthropy, he was

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