Avoiding trial, a former hedge fund manager turns over $70 million in stolen antiques

In exchange for returning millions of dollars of antiquities, financier and philanthropist Michael Steinhardt will avoid prosecution.

Michael Steinhardt has denied he committed any crimes in acquiring the antiques and said many of the dealers who sold him items claimed that they were the objects’ lawful owners.

(Image credit: Evan Agostini/Invision/AP)

Michael Steinhardt has denied he committed any crimes in acquiring the antiques and said many of the dealers who sold him items claimed that they were the objects’ lawful owners.