Friday, May 1, 2009

Barrett Wissman, owner of IMG Artists pleading guilty to fraud

Gheorghiu and Wissman

"Two weeks ago, Wissman, 46, pleaded guilty to securities fraud in the course of an investigation by New York Attorney General Andrew Cuomo of corruption at the state’s $122 billion pension fund, officials said.

Wissman, an executive of Dallas-based HFV Asset Management LP, has agreed to a $12 million settlement as part of the probe of illegal kickbacks to arrange pension-fund investments for hedge funds and private-equity firms, Cuomo said.

That leaves the new music director of the New York Philharmonic Orchestra, Alan Gilbert, and the music directors of London’s two opera houses, Antonio Pappano and Edward Gardner, in career limbo while their agency gets straightened out."

Norman Lebrecht has the full story

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