It looks like we're ending 2012 with some big news. We just received a tip that the 7.5 acre property on Down East Lane in Southampton closed for $25M. The alleged buyer? That would be Louis Reijtenbagh, a wealthy Dutch investor who's been called one of the "biggest crooks" in the Netherlands. He's been accused of defrauding millions from the likes of JP Morgan Chase and Credit Suisse, running off with €40M in dividends from a European oil company, and owing millions more in back taxes to Belgium. Between the financial chicanery and his propensity for expensive artwork?Mr. Reijtenbagh's collection once included pieces by Picasso, Monet, and Degas?he should fit right in around here.
·'A dangerous man': the rise and fall of Louis Reijtenbagh [nrc.nl]
· Credit Suisse Says Investor Stole Hundreds Of Millions From Funds Unit [Forbes]
· $29M Southampton Compound Now Listed As 'In Contract' [Curbed Hampton]