James Amato, 50, of Oxford, Mich., was arrested without incident at his residence after being charged in a federal arrest warrant with making false statements, transportation of stolen goods and for the sale or receipt of stolen goods.
Amato is the second suspect to be arrested following a two-year investigation into the sale of a Hojo currency plate from 1893. Won Young Youn was arrested Jan. 9 in Fort Lee, N.J., on similar charges. Youn remains free on bond and has a preliminary hearing April 17.
According to the investigation, Amato, the listed owner of Midwest Auction Galleries, allegedly sold the currency plate in 2010 to Youn for $35,000. Amato sold the plate on behalf of the family of a deceased American serviceman, who reportedly brought it back to Michigan after a tour of duty in the Korean War.
While the item was listed for sale and before Youn's purchase, Amato and Youn were contacted by officials with the Korean Embassy and the U.S. State Department, and advised that the sale of the item could be in violation of the National Stolen Property Act.
After the sale, HSI launched an investigation into the item, which experts believe is one of three currency plates still in existence from the 1890s. The currency plates ushered in modern currency printing methods in Korea.
"Artifacts have a specific dollar value in the legitimate marketplace where they are bought and sold," said William Hayes, acting special agent in charge of HSI Detroit. "But the cultural and symbolic worth of these items far surpasses any monetary value to the people and nations of their origin. HSI remains a committed partner in the effort to ensure that items like these are returned to their rightful owners."
If convicted, Amato faces up to five years in federal prison on the false statements charge. Charges of transportation and selling stolen goods each carry a maximum prison sentence of up to 10 years and fines of up to $250,000.
These charges are merely accusations, and the defendant is considered innocent unless and until proven guilty.
HSI plays a leading role in criminal investigations that involve the illegal importation and distribution of cultural property, including the illicit trafficking of cultural property, especially objects that have been reported lost or stolen. The HSI Office of International Affairs, through its 73 attaché offices in 47 countries, works closely with foreign governments to conduct joint investigations, when possible.
HSI's specially trained investigators, assigned to both domestic and international offices, partner with governments, agencies and experts to protect cultural antiquities. They also provide cultural property investigative training to law enforcement partners for crimes involving stolen property and art, and how to best enforce the law to recover these items when they emerge in the marketplace.
Since 2007, more than 6,600 artifacts have been returned to 24 countries, including paintings from France, Germany, Poland and Austria, 15th to 18th century manuscripts from Italy and Peru, as well as cultural artifacts from China, Cambodia and Iraq.
Learn more about HSI cultural property, art and antiquities investigations. Members of the public who have information about suspected stolen cultural property are urged to call the toll-free HSI tip line at 1-866-DHS-2-ICE or to complete its online tip form.