Skip to Content

Hedge fund founder Steinhardt will return looted antiquities

KIFI

By KAREN MATTHEWS
Associated Press

NEW YORK (AP) — The Manhattan district attorney says billionaire hedge fund manager Michael Steinhardt has agreed to turn over $70 million worth of stolen antiquities. He will also be subject to an unprecedented lifetime ban on acquiring antiquities. Manhattan District Attorney Cyrus Vance Jr. said Monday that in return, Steinhardt will not face criminal charges. Vance said Steinhardt acquired pieces that were illegally smuggled out of 11 countries including Egypt, Greece, Israel, Syria and Turkey. Steinhardt said in a prepared statement issued by his attorneys that he’s pleased the investigation ended without any charges. Steinhardt is chair of the Steinhardt Foundation for Jewish Life and co-founder of Birthright Israel.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content