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Douglas Latchford’s property arms over $12m to settle US trafficking case

by SB Crypto Guru News
June 25, 2023
in NFT
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The daughter of late antiquities supplier 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 had been looted from Cambodia, in addition to cash. In 2021, Copleston agreed to return the 125 objects to Cambodia.

The cope with 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, in keeping with the Division of Justice.

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

Between 2003 and 2020, Latchford acquired greater than $12m in UK and New York financial institution accounts as cost for promoting stolen and smuggled antiquities from Southeast Asia to consumers and sellers within the US, the Justice Division mentioned. Latchford allegedly then transferred at the very least $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 struggle the illicit commerce in cultural patrimony,” US. Lawyer Damian Williams mentioned in an announcement.

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’ international locations of origin and years of excavation. Prosecutors on the time mentioned 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 latest Dynamite Doug podcast.



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