Billionaire Jewish Philanthropist Michael Steinhardt Forfeits $70 Million in Stolen Antiques

In a bid to avoid criminal charges after an investigation found that Steinhardt bought and sold over 1,000 looted items, the Jewish-American megadonor agrees to surrender 180 stolen antiquities and stop collecting artifacts

JTA
Ron Kampeas
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JTA
Ron Kampeas

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.

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