From yesterday's mailbag:
Hi Connie, I thought you should know about a story concerning Indianapolis' Penrod show. My Indy art fair friends said it was all over the news yesterday. The treasurer embezzled $380,000 of Penrod Society funds. Organizers say the 2009 show will go on, but artists have to wonder how much money will be available for advertising, etc. Also, does this spell a hike in booth fees in subsequent years. The gate fee for this year may also jump... Just FYI. L. H.
Early each September the Penrod Society hosts the
Penrod Art Fair on the grounds of the Indianapolis Art Museum. It is a pretty classy event showcasing not only an art fair but performing artists such as the Indianapolis Ballet and all the arts organizations of the area. Read the whole story at the
Indianapolis Star. The comments below the story are interesting too, again discussing whether or not this is an "art fair" and what the guy (an accountant) did with the money. An acquaintance from college believes it is in the hands of bookies. And the wonders of the Internet, I even found this video:
http://www.wishtv.com/dpp/news/crime/380K_stolen_from_Penrod_Art_Society
and here's a comment from the Society's President, James Art:
As an organization, we feel like the family who lived in a nice neighborhood all our lives. We trusted them and they trusted us. We left our doors unlocked. We had one another’s house keys in case of emergency. Now, someone’s violated that trust and we’ll never get it back.
Comments
As an organization, we feel like the family who lived in a nice neighborhood all our lives. We trusted them and they trusted us. We left our doors unlocked. We had one another’s house keys in case of emergency. Now, someone’s violated that trust and we’ll never get it back.
Read the rest of the story at this link: http://www.insideindianabusiness.com/newsitem.asp?ID=33236