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Franz West Private Foundation Accused of Embezzlement

Der Standard has reported that the Oberlandesgericht Wien, the higher regional court of Vienna, has dismissed three board members of the Franz West Private Foundation for paying themselves enormous salaries: $560,000 during a five-month period in 2012 and more than $900,000 in 2013. Though its judgment is not final, the court ruled that the payments were not for the benefit of the foundation. Before her death in March 2016, West’s widow, Tamuna Sirbiladze, filed to have the board members removed from their positions.

West started the foundation merely days before his death in 2012 to push all revenues and copyrights from his estate away from the Franz West Archive, a nonprofit, and the artist’s family.