Additional Fallout From The IMG Artists Scandal

The 5/1/2009 edition of Bloomberg published a commentary by Norman Lebrecht that examines some of the early response within artist management circles to the Barrett Wissman scandal. Wissman, a hedge fund manager who also serves as Chairman of IMG Artists, pled guilty to securities fraud and agreed to pay $12 million in penalties in connection with an alleged kickback scheme involving a New York state pension fund…

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IMG Artists Chairman Guilty Of Securities Fraud

The 4/15/2009 edition of The Dallas Morning News published an article by Brendan Case that reports former Dallas hedge fund manager Barrett Wissman “pleaded guilty to securities fraud in connection with his role in an alleged kickback scheme involving New York state’s largest pension fund.” In 2003, when talent management agency IMG decided to jettison its classical and jazz roster, Wissman stepped in as a major investor and eventual Chairman of the spinoff, IMG Artists. Those familiar with the business will recognize that IMG Artists is one of the largest artist management agencies in the US…

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