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Art Dealer Helly Nahmad Gets Out of Prison Early

  • December 09, 2014 23:03
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Helly Nahmad with a Picasso

It was the talk of the Art Basel Miami Beach Show, where Helly Nahmad's father helmed the art dealing family's booth, showcasing a $35 million Alexander Calder mobile. The younger Nahmad, 36, has been released from federal prison five months into the one-year-and-one-day sentence he received for operating an illegal gambling business from his Trump Tower home.

The art dealer, scion of the billionaire Nahmad family of Monaco, has been transferred to a halfway house in the Bronx after being incarcerated at the Federal Correctional Facility in Otisville, N.Y., since June, his lawyer confirmed.

Read more at NY Observer

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