Michael Steinhardt

Michael Steinhardt   ( billionaire,  hedge fund manager)
Born	December 7, 1940
Nationality	•  US •  Israeli?
Ethnicity	Jewish
Alma mater	Wharton School of Business
Children	Sara Berman
Spouse	Judy Steinhardt
Member of	Justice for Kurds, Mega Group, Panthera
Interests	•  Jewish Mafia •  looted antiquities
Father was an mobster associate of Meyer Lansky. Billionaire Zionist hedge fund manager. Mega Group

Michael H. Steinhardt is an American billionaire hedge fund manager with family connections to the Jewish Mafia. He was part of the deep state Mega Group which set the overall policy for the "official" Israel Lobby in North America - and is also connected to 911.

Background

His father, Sol Frank "Red" Steinhardt was a fence for the Genovese Crime Family. He was an associate of mobster figures such as Meyer Lansky and "Three Finger" Jimmy Aiello. The night before crime figure Joey Anastasia was killed in the Park Sheraton barbershop in 1957, he and Sol were out on the town gambling together.

He was arrested in 1958 on charges of buying and selling stolen jewelry. The prosecutor at Red Steinhardt's trial, Frank Hogan, described Red Steinhardt as "the biggest Mafia fence in America." Red was sentenced to 5-10 years on each of two charges of fencing, and served several years at Sing Sing, a prison just north of New York City.

Education

While in father was in prison, Michael through the University of Pennsylvania's Wharton School of Business.

Career

When Michael Steinhardt finished Wharton in 1967 he started an early hedge fund, Steinhardt, Fine, Berkowitz & Co. Michael Steinhardt's father was his first investment client, giving his son envelopes stuffed with cash to put in the stock market giving him seed money to begin his investment career.

In the early 1970’s Steinhardt was a close financial associate of an international oil trader Marc Rich, who was indicted for treason in 1983.

A 2008 profile describes his habits as "From his start in the early 1970's, Steinhardt’s reputation was that of a hater, an in-your-face profanity-laced screamer of unprecedented proportions. Nothing I have ever seen from Hollywood captures the way I have seen it occur in reality on Wall Street, yet in that environment, Steinhardt's verbal brutality towards others, including towards his subordinates, became the stuff of legend."

He personally paid 75% of a total fine of $70 million as part of settlement with the U.S. Securities and Exchange Commission and Department of Justice; His firm made $600 million on the scheme.

Politics

Steinhardt, originally a Goldwater Republican, in the 1980 s played a leading role in the development of the new "Democrat Leadership Council," and became its chairman in 1985. The DLC is the "centrist" Democrat group out of which Bill Clinton emerged onto the national stage.

Steinhardt wrote a letter to President Bill Clinton advocating the pardon of Marc Rich, calling him "my friend...who has been punished enough." On January 20, 2001, Clinton's last day in office, Rich was pardoned.

Steinhardt was an early supporter of the possible presidential candidacy of Michael Bloomberg in 2008.

Publishing

In 2001, Steinhardt made his foray into publishing. He, along with several other investors, including Conrad Black, Roger Hertog and Bruce Kovner founded the New York Sun, a New York City newspaper best known for its pro-Israel support and neo-conservative outlook.

Private antiquities collection and lifetime ban from collecting artifacts

Steinhardt is an art collector, especially of antiquities. He sat on the American advisory board of Christie's, the art & antiques auction house.

In November 2014, Christie's had to withdraw a prehistoric sculpture from Sardinia, valued at $800,000-$1.2m, put on auction by Steinhardt and previously put on sale by the notorious and convicted antiquities dealer Giacomo Medici. In January 2018, investigators raided Steinhardt's New York City apartment and seized a large amount of stolen antiquities which had been illegally purchased by Steinhardt.

In December 2021, after a four-year multinational investigation examining his "acquisition, possession and sale of more than 1,000 antiquities since at least 1987", Steinhardt reached an agreement with the New York County District Attorney to relinquish 180 items with an estimated value of $70 million, in exchange for the dismissal of a grand jury investigation into his collection. As part of the deal, Steinhardt was being permanently banned from acquiring new pieces. Steinhardt kept the remaining pieces that he legally purchased. The seized antiquities were slated to be returned to their proper owners in much of the Eastern Mediterranean region, as well as Bulgaria and Iraq.

In a press release, District Attorney Cyrus Vance Jr. said, "For decades, Michael Steinhardt displayed a rapacious appetite for plundered artifacts without concern for the legality of his actions, the legitimacy of the pieces he bought and sold, or the grievous cultural damage he wrought across the globe." The Grand Jury Investigation Statement of Facts stated that Steinhart acquired stolen antiquiries from Giacomo Medici, Giovanni Franco Becchina, Edoardo Almagià, Robin Symes, Robert Hecht, Edward and Samuel Merrin, Robert Haber, Eugene Alexander, Fritz and Harry Bürki, Gil Chaya, Rafi Brown, Michael Ward and others.

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