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the art collectors » Employee Steals $600K+ from Brooklyn Museum

Tuesday, June 9th, 2009

Employee Steals $600K+ from Brooklyn Museum


The NY Times reports that a former payroll manager for the Brooklyn Museum stole over $620,000 from the already strapped institution by creating fake payroll profiles with the names “Brooklyn Museum” and “Brooklyn,” which he then issued paychecks to and syphened into his personal bank account. The former employee, Dwight Newton, 40, is out on bond and faces up to 20 years if convicted for wire fraud.

As if the crime wasn’t shameful enough, it was just two months ago that the Times reported the museum was cutting salaries and raising admission fees to avoid layoffs and make up for a drastically depleted endowment, which, in addition to a 32% cut in city funding , has shrunk nearly 70% since last year, from 93.1 million to 65 million.

Feeling philanthropic? – Make a tax-deductible donation to the museum’s fund here

Posted by ATARMS | Filed in Brooklyn, Legal, Market Talk, Museums, Uncategorized

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