Connect with us

Hi, what are you looking for?

Jewish Business News


Mossack Fonseca’s role in fight over painting stolen by Nazis

Panama Papers highlight offshore law firm’s part in contested claim by heir of alleged former owner of Modigliani piece.

Seated Man With a Cane by Modigliani disappeared after its original owner had to leave it in Paris when he fled the Nazis,   descendent says.



Mossack Fonseca helped a New York art gallery defend itself over a claim about a Nazi-looted artwork after the apparent original owner’s descendant launched a legal battle for its return, the Panama Papers reveal. The case involves a $25m (£18m) Modigliani painting taken from Paris when the Germans marched into the city in 1940 and the role played by Mossack Fonseca, as the family who say it is theirs fought for its return. The artwork in question is the 1918 Seated Man With a Cane, and the story of its theft and reemergence blends the injustice of treasures taken during the second world war with the smoke and mirrors of 21st-century offshore tax havens.

Oscar Stettiner. Photograph: unknown The descendant claims the painting was owned by Oscar Stettiner, a Jewish gallery owner in Paris who fled weeks before the Nazis entered the city. He managed to get his wife and children to the Dordogne but had to leave his collection behind. The artwork was seized by the Nazis, and by the time the Stettiners are thought to have started searching for it after the war the painting had vanished.

Read the full story at The Guardian 

Click to comment



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.