Spain’s Guggenheim Bilbao Sacks CFO for Embezzlement

Spain’s Guggenheim Museum Bilbao has sacked its Chief Financial Officer, Roberto Cearsolo Barrenetxea, Wednesday over confessed embezzlement totaling nearly $800,000 USD over the past decade through small transactions dealing with two companies related to the museum.

Museum officials were unaware of the theft until local authorities raised questions about an unrelated financial transaction.

According to Guggenheim Bilbao director Juan Ignacio Vidarte, Cearsolo confessed in a letter and has returned nearly $462,000 to the museum and has also pledged to return the remainder and to co-operate with a formal investigation.

Bad at Sports Goes to The Armory Show

Bad at Sports reviews this years Armory Show in full detail and with all the self deprecating humor that makes them great. With a detailed walk through and photos of the work it is great coverage of the 2008 show.