Ex-head of National Arts Club settles with NY - WAOW - Newsline 9, Wausau News, Weather, Sports

Ex-head of National Arts Club settles with NY

Posted:
NEW YORK (AP) -

A New York official says the former president of the National Arts Club has agreed to pay $950,000 to settle claims he mismanaged the institution and used its resources to finance a luxurious lifestyle.

State Attorney General Eric Schneiderman sued O. Aldon James in September, saying James, his brother and an associate used more than a dozen apartments and other space at the club's Manhattan headquarters rent-free. He also said James spent tens of thousands of dollars from club funds on purchases at antique shops, flea markets and vintage clothing stores.

Schneiderman says the club will get $900,000, with the balance going to cover the state's costs.

A call to James' lawyer wasn't initially returned Wednesday.

The club was founded in 1898 to promote public interest in the arts.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WAOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Chief Engineer Russ Crass at 715-842-2251. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.