Janne Sirén, director of Buffalo’s Albright-Knox Art Gallery since 2013, used a museum loan to help finance a $710,000 home—more than half of which remains unpaid, including accrued interest, according to a state review.
Buffalo News, citing data from the Erie County Comptroller’s Office, reported that prevailing interest rates at the time of the loan ranged between 4 and 4.5 percent. The Albright-Knox Art Gallery—now known as the Buffalo AKG Art Museum–approved the loan for Sirén at a markedly lower rate of .18 percent. It was only later, during a routine review of financial records and tax filings from county-funded cultural organizations, that the comptroller’s office found Sirén had not repaid any of the principal or interest.
