From The Art Newspaper:
Samsung accused of $64m art fraud
The conglomerate’s former house attorney alleges that the chairman set up a slush fund which his wife used to buy art
Lucian Harris | 2.1.08 | Issue 187
According to the news (here and here), Samsung created a $225 million slush fund for purposes of bribery and art purchases. Alleged acquisitions include works by modern art superstars Roy Lichtenstein, Barnett Newman, Ed Ruscha, Donald Judd, Agnes Martin, and Gerhard Richer. The Art Newspaper states that money from the Samsung slush fund paid for 30 artworks from five Christie's New York auctions between 2002 and 2003.
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