The antiquities dealer accused in global art theft ring

17 Jan 2014 1:02 PM | Anonymous

The antiquities dealer accused in global art theft ring

 Published: Thursday, 16 Jan 2014 | 12:52 PM ET
By: Jeff Pohlman | Senior Producer
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Billion dollar black market
Thursday, 16 Jan 2014 | 1:27 PM ET
CNBC's Andrea Day reports on the billion dollar black market of the antiquities trade. There is a treasure trove of ancient art that was looted from temples from India and smuggled into the U.S. to be distributed on the black market and sold to art galleries.

The case reads like an "Indiana Jones" movie script. A New York City antiquities dealer raids archaeological sites and temples in India, Pakistan and Cambodia, and then smuggles the pieces into the United States, where they're sold for millions of dollars.

According to federal authorities, that's exactly what Subhash Kapoor did. The 64-year-old Kapoor is accused of stealing hundreds of pieces of art valued at more than $100 million, according to James Dinkins, a director of Homeland Security Investigations. That department is overseeing the case involving one of the largest art rings. "This is definitely one of the biggest, I think that we've seen in the world," Dinkins told CNBC

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