April 4, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Former Art Dealer Faces Grand Theft Charges Involving Pricey Paintings

A former art dealer is scheduled to be arraigned today on three felony charges for allegedly failing to pay more than $1 million to the owners of paintings sold through his gallery, including former Hollywood powerbroker Michael Ovitz.

Perry Rubenstein, 62, is charged with three counts of grand theft by embezzlement, according to the Los Angeles County District Attorney’s Office.

Rubenstein allegedly claimed that he sold two paintings by artist Richard Price for Ovitz in 2013, totaling more than $1 million, according to the District Attorney’s Office.

He never paid his client and kept the proceedings, prosecutors allege.

Rubenstein is also accused of selling a painting by Takashi Murakami on behalf of art collector Michael Salke, but failing to turn over the full amount to him.

Rubenstein’s attorney, Stephen Sitkoff, told media, “We deny all these allegations and look forward to clearing his name and getting his reputation back. There’s no criminal conduct on Perry’s part.”

Media reported that Rubenstein’s gallery declared bankruptcy in 2014. He was arrested late Thursday in Santa Monica.

Prosecutors are recommending that Rubenstein’s bail be set at $1 million.

If convicted as charged, he could face up to 15 years in state prison, according to the District Attorney’s Office.

Tags: , , , in Crime, News
Related Posts

Join UCLA’s Innovative Memory Research Study!

April 3, 2025

April 3, 2025

Are you ready to contribute to groundbreaking research and help shape the future of memory treatments? Do you sometimes find...

Coming Soon: Easter Extravaganza at Regent Santa Monica Beach

April 3, 2025

April 3, 2025

Book your Delectable Brunch, Easter Festivities This Easter, step into a world of celebration and refined delight at Regent Santa Monica Beach....

Scoop Dreams Come True: Van Leeuwen Launches New Beverly Hills Shop

April 3, 2025

April 3, 2025

Van Leeuwen’s Beverly Hills Opening Comes With Sweet Perks Van Leeuwen Ice Cream, a New York City-born brand celebrated for...

WeHo’s WeHappy Wednesdays Serve Up Big Discounts In Addition to Zero Parking Fees

April 3, 2025

April 3, 2025

Free Parking and $5 Cocktails? WeHo Makes Wednesdays Worth It The City of West Hollywood and the West Hollywood Chamber...

Saijo Hand Roll Rolls into Culver City with Premium Japanese Ingredients

April 2, 2025

April 2, 2025

Binchotan-Fired Perfection: Saijo Rolls Out Premium Sushi in West LA A new destination for hand rolls and Japanese culinary craftsmanship...

(Video) Check Out Bernie’s, a New Pop Up at Citizen Public Market in Culver City

April 2, 2025

April 2, 2025

Made with fresh frozen fruit and a toasted merengue topping these flavors are irresistible. The pop up will be at...

From Cocktails to Coffee: U.S. Tariffs Threaten Imports, Jobs, and Your Grocery Bill

April 2, 2025

April 2, 2025

Major Price Hikes Expected for Coffee, Wine, Chocolate, and Butter  A sweeping new set of tariffs announced by former President...

Levain Bakery to Open Venice Location with Special Guests and Charitable Twist

April 2, 2025

April 2, 2025

Bigger Than a Cookie: Levain’s Venice Opening Is a Flavorful Fundraiser Levain Bakery, the cult-favorite cookie destination founded in New...

LAX Airport Server Finds Hate-Filled Message From Unidentified Diners

April 2, 2025

April 2, 2025

Waiter Says He Was Stunned by the Message Left by Customers Guillermo Ortiz, who works at Planet Hollywood inside the...

Sunset Strip Staple Le Petit Four Shuts Down After Landlord Pulls the Plug

April 2, 2025

April 2, 2025

End of an Era: Le Petit Four Forced to Close in West Hollywood In a stunning reversal to the upbeat...

Metro LA Pushes Back Sepulveda Transit Community Meetings

April 2, 2025

April 2, 2025

Environmental Review Delay Prompts Metro to Reschedule  Metro announced that community meetings scheduled for early April to discuss the Sepulveda...

County Board Approves New Homeless Agency, Redirecting Millions from Existing System

April 2, 2025

April 2, 2025

With Billions on the Line, LA County Moves to Centralize Homeless Response Los Angeles County is making a dramatic shift...

Put the Phone Down: LAPD and CHP Targets Distracted Drivers in April Crackdown

April 1, 2025

April 1, 2025

Hands-Free Law Violations Could Now Cost You More Than Just a Fine Throughout April, the Los Angeles Police Department will...

Five Arrested in Culver City After Attempted Carjacking and Vandalism Incident

April 1, 2025

April 1, 2025

Gun, Warrants, and Broken Glass: Culver City Police Tackle Two Crimes Police arrested four juveniles in connection with an attempted...

Kim Delaney, Partner Cleared After Weekend Arrest in Marina del Rey

April 1, 2025

April 1, 2025

Emmy-Winning Actress and Partner James Morgan Released Kim Delaney, the Emmy-winning actress recognized for her roles in NYPD Blue and...