The portrait of a dapper man with a moustache perched on a chair, hands resting upon his walking stick, may be worth million.Investigators traced the painting to a clan of billionaires that bought the work at auction in 1996.According to the indictment, the Nahmad-Trincher Organisation took tens of millions of dollars in bets each year through gambling websites operating illegally in the United States, then laundered the money through bank accounts and plumbing, real estate, car repair and used-car businesses.While Nahmad “got away relatively easy,” the “real question is what happens to the Trinchers and others who seem to have been involved in more serious criminal activity,” New York University professor Mark Galeotti, an expert on Russian organised crime, told .“If they are convicted, and on serious charges with serious penalties, then this can be said to have dealt a solid blow to Russian organised crime in the United States,” he said.
One of the other figures indicted is Molly Bloom, who won her notoriety as the “Poker Princess” who previously admitted to hosting illicit high-stakes games for movie and sports stars including Damon, Di Caprio, Ben Affleck and Pete Sampras.If this file has problems with attribution, copyright, or is otherwise ineligible for Commons, then remove this tag and DO NOT transfer it; repeat violators may be blocked from editing.Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. The organization booked bets that were often in the hundreds of thousands of dollars, and at times a million dollars, on a single sporting event. As part of this business, the organization ran a high-stakes, illegal sportsbook that utilized several online gambling websites operating illegally in the United States.Lawyers working for the grandson sent a letter to the Nahmad Gallery in New York, stating that the painting belonged to the grandson, who was entitled to its return. The gallery failed to respond, according to court documents. Four years later, the two sides’ lawyers are still fighting it out.