A billionaire financier and philanthropist has surrendered 180 allegedly stolen antiquities worth $70 million to the Manhattan District Attorney’s Office under an agreement that ends an extensive grand-jury investigation launched in 2017.

Michael Steinhardt, who made his billions through running a hedge fund and who prosecutors said is one of the world’s largest art collectors, also has agreed to a lifetime ban on acquiring any further antiquities, according to an announcement made by the Office of Manhattan District Attorney Cyrus Vance on Monday.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]