HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » US billionaire surrenders...

Tue Dec 7, 2021, 01:30 PM

US billionaire surrenders $70m of stolen art

Source: The Guardian

By Dalya Alberge

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 antiquities were stolen from 11 countries, and that at least 171 passed through traffickers before being bought by Steinhardt.



Michael Steinhardt, pictured in 2013, has been banned from acquiring other relics for life as part of an agreement with the Manhattan district attorney’s office. Photograph: Natan Dvir/Polaris/eyevine


Read more: https://www.theguardian.com/us-news/2021/dec/07/us-billionaire-michael-steinhardt-surrenders-70m-dollars-stolen-art

16 replies, 1750 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 16 replies Author Time Post
Reply US billionaire surrenders $70m of stolen art (Original post)
Omaha Steve Dec 7 OP
montanacowboy Dec 7 #1
Haggard Celine Dec 7 #4
Yo_Mama_Been_Loggin Dec 7 #2
packman Dec 7 #3
IcyPeas Dec 7 #5
not fooled Dec 7 #6
OneCrazyDiamond Dec 7 #7
The Unmitigated Gall Dec 7 #11
JudyM Dec 7 #8
tikka Dec 7 #9
NCjack Dec 7 #10
oasis Dec 7 #12
Grins Dec 8 #13
ck4829 Yesterday #14
CTyankee 12 hrs ago #15
Samrob 12 hrs ago #16

Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 01:33 PM

1. I am so happy to know that

Cy Vance is busy laboring on behalf of the American people to bring art crooks to justice. Others, not so fucking much.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to montanacowboy (Reply #1)

Tue Dec 7, 2021, 01:44 PM

4. Exactly what I was thinking.

How long has he been 'investigating' Trump?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 01:41 PM

2. What a guy

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 01:43 PM

3. I guess he played his "Get out of Jail" card



Next: Man who robbed banks given stiff ban to stay out of banks

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 01:58 PM

5. another day.... another billionaire crook.... who'd a thunk it?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 02:21 PM

6. The apex of capitalism

turns out to be not so great.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 02:23 PM

7. Are those porcupine quills?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to OneCrazyDiamond (Reply #7)

Tue Dec 7, 2021, 08:09 PM

11. Ancient Sumerian porcupine quills, I guess.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 04:04 PM

9. Another fine example of the two-tier American justice system

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 04:32 PM

10. No charges for Mr. Steinhardt! He got away with the crimes and is all smiles.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Tue Dec 7, 2021, 09:44 PM

12. News flash: Jail is for poor folks.

But then, you already knew that.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Wed Dec 8, 2021, 12:19 AM

13. Banned from owing $70M works of stolen art...!!!

Is he white…? ‘Cuz, ya’ know…

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Sat Jan 22, 2022, 11:03 AM

14. Kick

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Sun Jan 23, 2022, 10:29 AM

15. The problem with stealling art.

You can't monetize them. Yeah, they might be worth a gazilion bucks but if you can't sell them, you are screwed. It's why art ends up in a locker at a train station, the cops are tipped off, and the loot is restored to the owner.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Sun Jan 23, 2022, 10:36 AM

16. Just finished watching "Conspiracy" (Netflix). Docu on unproven conspiracy theories.

This guy gives substance to one of the episodes about stolen artifacts. There is also a lot of gold unaccounted for per one of these episodes...missing since the '40s.

Just makes one think, "just how did some of these people get so wealthy?"

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread