Madoff and Conceptual Art Mix in Nonprofit Copyright Suit

New York Law Journal

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A nonprofit set up by the conceptual artist duo Arakawa and Madeline Gins drew down more than $3 million inside a time frame close to the discovery of Bernard Madoff’s multibillion dollar Ponzi scheme. The assets for the foundation simply don’t exist to repay that amount, according to court documents. But that could change.

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