Hedge Fund Founder Steinhardt to Return Looted Antiques

Hedge Fund Founder Steinhardt to Return Looted Antiques.

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.

You will also be subject to an unprecedented lifetime ban on acquiring antiques. Manhattan District Attorney Cyrus Vance Jr. said Monday that, in return, Steinhardt will not face criminal charges.

Vance said Steinhardt acquired pieces that were smuggled out of 11 countries, including Egypt, Greece, Israel, Syria and Turkey.

Steinhardt is president of the Steinhardt Foundation for Jewish Life and a co-founder of Birthright Israel.

A message seeking comment was left with the Steinhardt Foundation for Jewish Life.

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