A Beverly Hills Hotel, Bought With Looted Money, Goes on Sale - News Summed Up

A Beverly Hills Hotel, Bought With Looted Money, Goes on Sale


For sale: Boutique hotel, convenient to Hollywood. Previous owner spent $40 million on renovations before becoming an international fugitive. If that sounds like a steal — even in the middle of a global pandemic that has nearly ground travel to a halt — the Viceroy L’Ermitage Beverly Hills could be yours. The stolen money was used to buy everything from paintings by Van Gogh and Monet to a custom-built yacht to a see-through grand piano. Some of the cash helped finance “The Wolf of Wall Street,” which earned Leonardo DiCaprio a Golden Globe for his performance as the stock-market scammer Jordan Belfort.


Source: International New York Times July 03, 2020 09:00 UTC



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