Billionaire BUSTED With $70 MILLION Of STOLEN Antiques And Relics

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Published on 8 Dec 2021, 7:45
Billionaire hedge fund manager Michael H. Steinhardt has to forfeit $70 million worth of stolen relics and antiquities as well as being banned for life from acquiring new pieces for his collection. The 180 items were stolen and smuggled from their places of origin and appeared on the market without proper paperwork. Cenk Uygur and Brett Erlich discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. youtube.com/theyoungturks/live

Read more HERE:
nytimes.com/2021/12/06/arts/de...

"Michael H. Steinhardt, the billionaire hedge fund pioneer and one of New York’s most prolific antiquities collectors, has surrendered 180 stolen objects valued at $70 million and been barred for life from acquiring any other relics, the Manhattan district attorney’s office said in a statement Monday.

The prosecutor’s office struck an agreement with Mr. Steinhardt after a four-year multinational investigation that determined that the seized pieces had been looted and smuggled from 11 countries, trafficked by 12 illicit networks, and appeared on the international art market without lawful paperwork, the office said."

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