AG: Ex National Arts Club president unlawfully controlled apartments, office spaces

TRD New York /
Sep.September 21, 2012 12:30 PM

Attorney General Eric Schneiderman is taking legal action against Aldon James, the former president of the National Arts Club, a century-old art charity based at 15 Gramercy Park South.

The suit follows an 18-month investigation by the Attorney General into allegations that James abused his authority as president of the organization for substantial personal benefits. James allegedly used his position to control more than a dozen apartments, offices and other rentable club spaces. He is also accused of having used club funds on personal shopping sprees.

His alleged mismanagement is said to have cost the club of at least $1.5 million dollars in rental income in the last six years.

“For years, Mr. James took advantage of his role as the leader of the National Arts Club to deprive the organization of valuable assets that should have been used to advance its charitable mission. The time has come for real accountability,” Schneiderman said in a statement.

James, who served as club president from 1986 until 2011, was not reachable for comment but previously called the allegations “false and totally disingenuous.” – Katherine Clarke


Related Articles

arrow_forward_ios
16 candidates vie to fill out the rest of Schneiderman’s term

16 candidates vie to fill out the rest of Schneiderman’s term

16 candidates vie to fill out the rest of Schneiderman’s term
Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry

Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry

Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry
AG settles with Allure Group over nursing home investigations

AG settles with Allure Group over nursing home investigations

AG settles with Allure Group over nursing home investigations
New Jersey-based lender agrees to pay $45M to settle mortgage misconduct claims

New Jersey-based lender agrees to pay $45M to settle mortgage misconduct claims

New Jersey-based lender agrees to pay $45M to settle mortgage misconduct claims
Notorious NYC landlord pleads guilty to mortgage fraud, grand larceny

Notorious NYC landlord pleads guilty to mortgage fraud, grand larceny

Notorious NYC landlord pleads guilty to mortgage fraud, grand larceny
Why outlet malls could soon be popping up in NYC

Why outlet malls could soon be popping up in NYC

Why outlet malls could soon be popping up in NYC
Landlord Daniel Melamed found guilty of illegally evicting tenants

Landlord Daniel Melamed found guilty of illegally evicting tenants

Landlord Daniel Melamed found guilty of illegally evicting tenants
Steve Croman pleads guilty, agrees to serve 1 year in Rikers

Steve Croman pleads guilty, agrees to serve 1 year in Rikers

Steve Croman pleads guilty, agrees to serve 1 year in Rikers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...