Sunday, July 27, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

Douglas Latchford’s estate hands over $12m to settle US trafficking case

June 23, 2023
in NFT
Reading Time: 3 mins read
A A
0

[ad_1]

The daughter of late antiquities vendor Douglas Latchford has agreed to pay $12m and hand over a seventh century Vietnamese sculpture from her father’s property to settle a civil case that alleged Latchford made thousands and thousands from promoting stolen artefacts.

Latchford’s daughter, Julia Copleston, inherited from her father greater than 125 statues and gold relics that authorities allege have been looted from Cambodia, in addition to cash. In 2021, Copleston agreed to return the 125 objects to Cambodia.

The take care of prosecutors will resolve claims that her father transferred proceeds from the sale of stolen antiquities to offshore financial institution accounts within the Bailiwick of Jersey, a self-governing area of the UK, based on the Division of Justice.

Latchford’s daughter additionally agreed handy over a bronze sculpture of the Hindu goddess Durga, which dates again to the seventh century. Latchford allegedly bought the sculpture with “tainted funds”, based on the Justice Division, after it was stolen from Vietnam in 2008. In an electronic mail thread seen by investigators, Latchford stated the sculpture was from the My Son sanctuary, a Unesco World Heritage web site in Vietnam.

Between 2003 and 2020, Latchford obtained greater than $12m in UK and New York financial institution accounts as fee for promoting stolen and smuggled antiquities from Southeast Asia to consumers and sellers within the US, the Justice Division stated. Latchford allegedly then transferred a minimum of $12m in these illegally derived funds to his Jersey checking account.

“For years, Douglas Latchford made thousands and thousands from promoting looted antiquities within the US artwork market, stashing his ill-gotten positive factors offshore. This historic forfeiture motion and settlement reveals that we are going to be relentless in following the cash wherever it results in battle the illicit commerce in cultural patrimony,” US. Legal professional Damian Williams stated in a press release.

Latchford was indicted on expenses of wire fraud conspiracy and different crimes in 2019 over accusations that he for many years had offered looted Cambodian antiquities on the worldwide artwork market. Latchford allegedly created false provenance, invoices and transport paperwork, and misrepresented works’ nations of origin and years of excavation. Prosecutors on the time stated Latchford first raised eyebrows in 2011 when Cambodia claimed a Tenth-century statue of the Khmer warrior Duryodhana up for public sale at Sotheby’s in New York had been looted from a temple complicated in Koh Ker, a distant archaeological web site. The statue was pulled from public sale and later returned to Cambodia after a authorized battle, throughout which authorities accused Latchford of serving to to maneuver the work. The indictment was dismissed after Latchford died in 2020 at age 89 in Bangkok.

Establishments together with the Metropolitan Museum of Artwork in New York, the Cleveland Museum of Artwork, the Norton Simon Museum in Pasadena and the Denver Artwork Museum have all returned objects with hyperlinks to Koh Ker. Latchford’s trafficking actions are the topic of the current Dynamite Doug podcast.

[ad_2]

Source link

Tags: 12MCaseDouglasEstateHandsLatchfordsSettletrafficking
Previous Post

Givenchy Celebrates Pride Month With Metaverse Exhibition

Next Post

SEC Approves First Leveraged Bitcoin Futures ETF

Next Post
SEC Approves First Leveraged Bitcoin Futures ETF

SEC Approves First Leveraged Bitcoin Futures ETF

Gmoney in Paris: How Emerging Tech Is Redefining Luxury Fashion

Gmoney in Paris: How Emerging Tech Is Redefining Luxury Fashion

Binance Updates Maker Fees for P2P Fiat Markets

Binance Updates Maker Fees for P2P Fiat Markets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.