Police Have Doubts About California Art Theft Claim Scenario

October 19, 2009

Two men who claim thieves broke into their rental home in the ritzy coastal enclave of Pebble Beach and made off with millions of dollars worth of art have been named as suspects in the case.

Monterey County Sheriff’s Cmdr. Mike Richards said Benjamin Amadio and Dr. Ralph Kennaugh may be involved in a “criminal enterprise,” and that authorities were investigating “other scenarios.'”

“This whole thing stinks,” Richards said. He would not provide details.

He said Amadio and Kennaugh were not cooperating with investigators and were unable to produce proof that the artwork even exists.

Amadio denied the allegations.

“We’re just dumbfounded by what the sheriff is saying,” Amadio, 31, told The Associated Press.

The men reported the alleged theft on Sept. 25. They said works by Jackson Pollock, G.H. Rothe, Matisse, Miro, Rembrandt, Renoir, Van Gogh and others were taken.

Amadio said their collection, which includes several other pieces of art, was appraised in 2002 at $27.5 million. He said other collectors now estimate the works could be valued at nearly $80 million. The Jackson Pollock alone, he said, could be estimated at $40 million.

Seven pieces of the collection — not including the Pollock — were insured for $72,000, and Amadio said they had been considering adding coverage for the rest of the artwork but needed to improve security at the home first.

He said an insurance agent had been to the house a few days before the theft and viewed the artwork and documentation of the paintings’ authenticity.

The sheriff’s department said it has seen no such paperwork. “There has been no response to requests for photographs, receipts, identification of sellers, nothing,” Richards said.

He said Amadio and Kennaugh, a retired Boston oncologist and former Harvard Medical School professor, could face charges of filing a false police report.

Amadio, who moved to California from Boston three years ago, said all of the documents that accompanied the paintings were stolen. He alleged the sheriff’s department has botched the investigation. “It’s unacceptable that they say these pieces don’t exist … They’re covering their tracks either out of incompetence or corruption,” he said.

Kennaugh, 62, said authorities see this as “just a theft” and not an important enough crime to investigate thoroughly.

The men, who are business partners, said investigators did not do a complete job sweeping the house for evidence the day the alleged burglary was reported and have ignored e-mails from their lawyer.

Richards said his department has been stalled by a lack of cooperation from the alleged victims. “We feel manipulated,” he said. “Bottom line is this is a simple investigation.”

The men believe the alleged heist was carried out by professional art thieves, and said they have no motivation to perpetrate a hoax.

“We have $72,000 worth of insurance. That’s all we’d get,” Amadio said. “If we wanted money, we would’ve sold the art. It’s worth millions.”

Topics California Fraud Law Enforcement

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine October 19, 2009
October 19, 2009
Insurance Journal Magazine

Salute to Program Managers; Top Commercial Lines Agencies; Top Performing P/C Insurers: 3Q