Crime and Punishment
An administrative assistant at GVA Williams who was convicted of swindling $3 million from former company executive Andrew Roos over the course of nine years was denied parole earlier this month, The Commercial Observer has learned.
Agnes Dickinson, 59, was ordered to continue her up-to-13-year prison sentence at a Jan. 12 parole board hearing, according to the New York State Department of Corrections. She has been incarcerated at the Bayview Correctional Facility in Manhattan since 2008, shortly after being convicted of grand larceny, forgery and money laundering.
“After a review of the record and interview, the panel has determined that, if released at this time, there is a reasonable probability that you would not live and remain at liberty without again violating the law, and your release would be incompatible with the welfare of society,” the parole ruling reads.
A 1979 BMW M1 race car that was designed by New York-based painter Frank Stella is being sent to the Bonhams auction block this week in Pebble Beach, Calif., where it is estimated to sell for between $450,000 and $600,000.
Tech Bubble Watch
If you’re a company with serious cash lying around and it’s not being invested in tech start-ups, you must have missed the memo.
Luxury car kingpin BMW announced a $100 million venture fund today, debuting with an investment in New York based My City Way.
My City Way is a mobile app that Read More
A pair of space-suited astronaut arms reaches out from a wall on the ground floor of 75 Wall Street, flanking a television that plays an animation of a control panel whose hand-drawn screen flashes the word “FAILURE,” followed by “SUCCESS.”
The artwork, “Jupiter Mission,” by the artist team Pamela Reed and Matthew Rader, was unintentionally Read More
Jeff Koons unveiled his garish take on the BMW “Art Car” at a Centre Pompidou ceremony in Paris Wednesday evening. The car is decked out with psychedelic vinyl and will participate in the 24-hour Le Mans race later this month – something that hasn’t happened since Andy Warhol offered his interpretation of brand Read More
Midtown Beemer owners, or aspiring Beemer owners, have another reason-aside from their ability to afford high-end German machines-to be content with their lives. BMW has decided to keep its Manhattan flagship store at its convenient 11th Avenue spot, signing a long-term renewal at 555 West 57th Street in one of the largest deals Read More
If Manhattan’s masters of the universe are not buying baubles for their partners on Valentine’s Day, what other obvious signs of belt-tightening does one see on Wall Street these days? I visited the Street’s BMW dealership—another product of the boom—to see if bankers are skimping on their own toys as well.
The showroom was Read More