April 23, 2024

AndronETalksNews

AndronETalksNews

Avoiding prosecution, Michael Steinhardt to return $70 million in looted antiquities

The Times of Israel

December 7, 2021

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 return, Steinhardt, a philanthropist who is chair of the Steinhardt Foundation for Jewish Life and co-founder of Birthright Israel, an organization that sends young Jews on free trips to Israel, will not face criminal charges for acquiring more than 1,000 pieces that were illegally smuggled out of 11 countries including Egypt, Greece, Israel, Syria and Turkey, prosecutors said.

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