Cases / Investment funds & advisory
Timothy Sammons
ReportedOct 20, 2017
LocationLondon, United Kingdom
Amount$30,000,000
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Industry
- Art brokerage (sales of artworks on consignment)
- How investors were recruited
- Art collectors in the US, UK and New Zealand selling works
- Pitch & red flags
- kept proceeds of consigned art sales, pledged clients' artworks as collateral for personal loans, and "misled and ignored consignors" asking about sales