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New York returns millions worth of stolen art to Italy

Prosecutors in New York on Tuesday returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found in the Metropolitan Museum of Art.

A woman walks through the Greek and Roman Art section at the Metropolitan Museum of Art on December 10, 2020.
A woman walks through the Greek and Roman Art section at the Metropolitan Museum of Art on December 10, 2020. Photo by TIMOTHY A. CLARY / AFP.

“These 58 pieces represent thousands of years of rich history, yet traffickers throughout Italy utilized looters to steal these items and to line their own pockets,” said Manhattan District Attorney Alvin Bragg, noting that it was the third such repatriation in nine months.

“For far too long, they have sat in museums, homes, and galleries that had no rightful claim to their ownership,” he said at a ceremony attended by Italian diplomats and law enforcement officials.

The stolen items had been sold to Michael Steinhardt, one of the world’s leading collectors of ancient art, the DA’s office said, adding that he had been slapped with a “first-of-its-kind lifetime ban on acquiring antiquities.”

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Among the recovered treasures, which in some cases were sold to “unwitting collectors and museums,” were a marble head of the Greek goddess Athena from 200 B.C.E. and a drinking cup dating back to 470 B.C.E, officials said.

The pieces were stolen at the behest of four men who “all led highly lucrative criminal enterprises – often in competition with one another – where they would use local looters to raid archaeological sites throughout Italy, many of which were insufficiently guarded,” the DA’s office said.

One of them, Pasquale Camera, was “a regional crime boss who organized thefts from museums and churches as early as the 1960s. He then began purchasing stolen artifacts from local looters and sold them to antiquities dealers,” it added.

It said that this year alone, the DA’s office has “returned nearly 300 antiquities valued at over $66 million to 12 countries.”

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CRIME

Italy has most recovery fund fraud cases in EU, report finds

Italy is conducting more investigations into alleged fraud of funds from the EU post-Covid fund and has higher estimated losses than any other country, the European Public Prosecutor's Office (EPPO) said.

Italy has most recovery fund fraud cases in EU, report finds

The EPPO reportedly placed Italy under special surveillance measures following findings that 179 out of a total of 206 investigations into alleged fraud of funds through the NextGenerationEU programme were in Italy, news agency Ansa reported.

Overall, Italy also had the highest amount of estimated damage to the EU budget related to active investigations into alleged fraud and financial wrongdoing of all types, the EPPO said in its annual report published on Friday.

The findings were published after a major international police investigation into fraud of EU recovery funds on Thursday, in which police seized 600 million euros’ worth of assets, including luxury villas and supercars, in northern Italy.

The European Union’s Recovery and Resilience Facility, established to help countries bounce back from the economic blow dealt by the Covid pandemic, is worth more than 800 billion euros, financed in large part through common EU borrowing.

READ ALSO: ‘It would be a disaster’: Is Italy at risk of losing EU recovery funds?

Italy has been the largest beneficiary, awarded 194.4 billion euros through a combination of grants and loans – but there have long been warnings from law enforcement that Covid recovery funding would be targeted by organised crime groups.

2023 was reportedly the first year in which EU financial bodies had conducted audits into the use of funds under the NextGenerationEU program, of which the Recovery Fund is part.

The EPPO said that there were a total of 618 active investigations into alleged fraud cases in Italy at the end of 2023, worth 7.38 billion euros, including 5.22 billion euros from VAT fraud alone.

At the end of 2023, the EPPO had a total of 1,927 investigations open, with an overall estimated damage to the EU budget of 19.2 billion euros.

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