Hillel “Helly” Nahmad, 35, pleaded guilty on Tuesday on running an illegal sports betting business and now faces up to 18 months behind bars. Reports state that the guilty plea will have no impact on the operation of his gallery on Madison Avenue which deals in works by Chagall, Dali, Degas, Monet, Matisse and Warhol.
New York Art Dealer Associated With $900 Million In Picasso Artworks Pleads Guilty To Fraud.