Wednesday, December 07, 2005

Americans are profiting from the looting of priceless antiquities from the museums and archeological sites of the Middle East

An informative web site on the parties, some of which are American, who are profiting from the looting of priceless antiquities from the museums and archeological sites of the Middle East. This has been a very under-reported scandal that is rife with connections to wealthy Republicans.

A top US businessman and an international network of smugglers and academics are making millions of dollars through their illegal dealings in looted Middle Eastern artefacts, according to a leading stolen antiquities activist.

Former self-confessed smuggler and police informant Michel Van Rijn told Aljazeera.net that multi-millionaire James Ferrell, the CEO of America's second largest propane gas company Ferrellgas, is running a London-based business that deals in smuggled relics.

Van Rijn says Ferrell established his network on 29 January 2000 with Hungarian-born antiquities dealer William Veres and academic Henry Kim of Oxford University's Ashmolean Museum.

After just eight months of dealing, a copy of Ferrell's own profit calcuations - provided to Aljazeera.net by Veres - show that the Texan-born tycoon had made a 400% profit on his initial $2.5m investment.