According to the Washington Post, U.S. authorities announced that they have secured a $12 million forfeiture agreement from the daughter of accused antiquities smuggler Douglas Latchford, a man federal prosecutors say was a key figure in the decades-long ransacking of ancient Cambodian temples.
- Why didn’t U.S. authorities get the smuggled antiquities from Douglas Latchford, rather than his heir?
- How did U.S. authorities find out about the millions Latchford received for the stolen goods?
- What signal does this seizure signal, according to the article?
- Can Latchford’s daughter record this as a deduction on her taxes? Why or why not?
- Will Latchford’s daughter have to pay taxes on this inheritance?
Whoriskey, P. (2023). Heir of accused antiquities smuggler agrees to forfeit $12 million. The Washington Post, June 22 (Retrievable online at https://www.washingtonpost.com/business/2023/06/22/cambodia-antiquities-forfeiture-latchford/)