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Fund Manager Michael Steinhardt Surrenders 180 Pieces of Stolen Artifacts

  • Steinhardt returning 180 artifacts valued at $70 million
  • No criminal charges filed in investigation begun in 2017
Michael Steinhardt in 2012.
Michael Steinhardt in 2012.Photographer: Scott Eells/Bloomberg

Michael Steinhardt, the money manager and art collector caught up in legal battles over ancient artifacts, agreed to surrender 180 pieces valued at $70 million and accept a lifetime ban from the antiquities market, New York prosecutors said.

The pieces Steinhardt turned over were looted and smuggled from 11 countries, which included Egypt, Greece, Iraq, Italy and Turkey, and trafficked by criminal smuggling networks, the Manhattan District Attorney’s Office said in a statement Monday.