Heritage Florida Jewish News - Central Florida's Independent Jewish Voice

In deal to avoid prosecution, Michael Steinhardt is barred for life from collecting antiquities

 

December 17, 2021

Michael Brochstein/SOPA Images/LightRocket via Getty Images

Michael Steinhardt speaks at the Champions of Jewish Values International Awards Gala in New York City, May 21, 2017.

(JTA) - Michael Steinhardt, the hedge funder and megadonor to Jewish causes, has agreed to surrender 180 stolen antiquities worth $70 million to their rightful homelands and to never again collect ancient artifacts.

In exchange, Steinhardt will avoid criminal charges related to an investigation that found he had acquired, owned and sold more than 1,000 looted items over the past three decades.

Those are the terms of a deal that Steinhardt finalized Monday with Manhattan District Attorney Cyrus Vance, whose office began investigating several years ago over a Lebanese statue that Steinhardt l...



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