L.A.’s Ace Gallery Founder Douglas Chrismas Arrested on Embezzlement Charges

Douglas Chrismas, a longtime Los Angeles gallerist whose reputation began to dim around a decade ago after allegations of suspicious business dealings, was arrested by the Federal Bureau of Investigations on Tuesday on charges that he embezzled more than $260,000 from the bankruptcy estate of his now-defunct Ace Gallery.
Chrismas is currently facing three charges of embezzlement. If convicted of all three, the 77-year-old dealer could face a sentence of 15 years in federal prison. He has pleaded