Evidence in Nahmad Case Puts Family Business in Spotlight

May 17th, 2013

Cell Phone records released in the money laundering and illegal gambling case against Helly Nahmad have put his family’s art dealing business in the public spotlight, particularly one conversation:  “Sometimes a bank needs a justification for a wire, right?” Mr. Nahmad said in a government account of a 2012 conversation. “We can just say, Oh, you are buying a painting. If they need justification, you know what I mean? You just be like, Oh yeah, I bought a, you know, Picasso drawing or something.”

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