The Washington Business Journal recently reported that the bankruptcy trustee for Truland Group Inc., D.C.’s area’s largest electrical contractor, is investigating whether the company’s CEO, Robert W. Truland, paid fair value for the dozens of pieces of artwork that he purchased from the company just four months before it suddenly shut down. Read full article here.
A number of former employees of the Truland Group reported that Robert Truland was seen removing artwork from the walls of the company’s headquarters, just one day before it filed for bankruptcy. Robert Truland paid the company $188,275 for the artwork, some of which the company previously bought from the Corcoran and Zenith galleries.