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US billionaire surrenders $70m of stolen art

From theguardian.com

An American hedge-fund billionaire has surrendered 180 looted and illegally smuggled antiquities valued at $70m and been handed an unprecedented lifetime ban on acquiring other relics as part of an agreement with the Manhattan district attorney’s office. Michael Steinhardt, one of the world’s largest collectors of ancient art, “displayed a rapacious appetite for plundered artefacts”, the district attorney Cyrus Vance Jr said on Monday. The lifetime ban marks the dramatic culmination of an international investigation that began officially in 2017. The DA’s office said its inquiry found “compelling evidence” that the ... (full story)

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