Accusations Of Financial Crimes Shake Cy Twombly Foundation
The organization "is now in turmoil amid accusations, detailed in a lawsuit filed on Wednesday in Delaware state court, that one of the four people who run it took more than $300,000 in unauthorized fees for investment services and was assisted in misappropriating the money by another foundation director, Ralph E. Lerner, a well-known art-world lawyer." The New York Times 03/14/13

Posted March 14, 2013 01:01 AM