Internal memo flags mismanagement and possible financial improprieties in Phaidon art transaction and related trusts

The document provides specific allegations of missing financial statements, questionable deductions, and opaque trust arrangements involving multi‑million dollar art and investment deals. It names sev Alleged lack of basic financial documents (balance sheet, P&L) for a $9.8 M investment in Regan Arts Claims that $3 M deducted for art space provided no benefit and may be improper. Reference to a di