Hobby Lobby to pay $3M to settle claim it illicitly imported Iraqi artifacts - News Summed Up

Hobby Lobby to pay $3M to settle claim it illicitly imported Iraqi artifacts


In a civil complaint, prosecutors alleged Hobby Lobby began collecting "historically important manuscripts, antiquities and other cultural materials" around 2009, shipping them to company headquarters in Oklahoma City. Despite the warning, prosecutors say Hobby Lobby agreed to buy more than 5,500 of the artifacts for $1.6 million, far less than the $11.8 million a company consultant estimated them to be worth. Late Wednesday, Hobby Lobby announced that it would forfeit the artifacts and an additional 144 cylinder seals to settle the complaint, as well as the $3 million. Prosecutors say Hobby Lobby agreed to adopt internal policies for importing cultural property and training its personnel. Green said Hobby Lobby began acquiring a variety of historical Bibles and other artifacts in 2009.


Source: Fox News July 05, 2017 23:00 UTC



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