Gramercy Park Block Association - Neighborhood News #338


Embezzlement case against former National Arts Club president Aldon James will proceed
Manhattan Supreme Court Justice Carol Edmead did not dismiss the fraud case filed by state Attorney General Eric Schneiderman against James, who is alleged to have squandered $2 million in club assets and used some of them to his own advantage.

BY BARBARA ROSS / NEW YORK DAILY NEWS
THURSDAY, APRIL 4, 2013
                   ANDY KROPA/GETTY IMAGES 
Aldon James is alleged to have squandered $2 million in National Arts Club assets, some of which he used for his own benefit, during his last five years as president. The case filed by state Attorney General Eric Schneiderman will proceed after a Manhattan denied a motion to drop the case. 
National Arts Club leaders won a significant battle in their protracted legal war with former club president Aldon James on Thursday. 
Manhattan Supreme Court Justice Carol Edmead refused to dismiss a fraud case that state Attorney General Eric Schneiderman filed against James. Now, James will have to answer Schneiderman's claims that during his last five years as club president, he squandered $2 million in club assets, some of it to feather his own nest.

 

RELATED: OUSTED NATIONAL ARTS CLUB CHIEF SUES LOCKSMITH  Edmead said she believed the AG's allegations are "sufficient to support claims of breach of fiduciary duty and waste."

 
Club attorney Roland Riopelle said the victory was significant for his clients because it means the attorney general - instead of the club - will foot the legal bills for fighting James.

 
RELATED: AG SUES ALDON JAMES, EX-NATIONAL ARTS CLUB HEAD  They have argued in court that James has spent a fortune on legal fees pursuing frivolous cases designed to get him reinstated as a member, and a resident of its landmark townhouse on Gramercy Park.

 

James' lawyer did not return a call seeking comment.

 

 

Click here to read the article on the Daily News website.