British auctioneer faces jail for falsely selling rare coins from Palestine

A documentary from the BBC, Treasure Hunters, told the story of the coin hoard’s discovery and what happened next. (YouTube)
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Updated 27 August 2023
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British auctioneer faces jail for falsely selling rare coins from Palestine

  • Richard Beale sold ancient Greek coins found by Gaza fishermen in 2017 despite knowing they were stolen
  • Director of auction house Roma Numismatics became the subject of a BBC investigation in 2020

LONDON: A British auctioneer has pleaded guilty to numerous charges relating to the sale of rare ancient coins, including a hoard discovered by Palestinian fishermen, the BBC reported on Sunday.

Richard Beale, director of auction house Roma Numismatics, is on trial in New York, where he admitted two counts of conspiracy and three counts of criminal possession of stolen property.

Among the coins he has admitted to falsifying the provenance of are silver decadrachms from the Gaza Hoard, discovered in 2017 by Palestinian fisherman and dating back to the era of Alexander the Great. Before the hoard was discovered, only 20 Alexander decadrachms were known to be in existence, but the new find disappeared shortly after its discovery, becoming the focus of a BBC investigation in 2020.“They are in the hands of people who don’t know what these (coins) are, why they are here and what they represent for our country. It’s very painful,” Fadel Alatol, a Gaza-based archaeologist who identified the coins when they were found, told the BBC in 2019.

Months later, at least 19 coins appeared for sale at private auction houses, including 11 sold by Roma Numismatics. One went for $127,300.

The BBC confronted Beale in 2020, who claimed to have been provided with certification confirming the coins’ provenance.

However, he admitted to the New York court this month that he knew the provenances of the decadrachms were false when they were sold, that they had come from the Gaza Hoard, and that he had continued selling them even after the BBC approached him.

Beale also admitted to having agreed in 2015 to sell the Eid Mar, the world’s most expensive coin, despite its unknown origins, in 2015.

He falsified its place of origin to avoid it being confiscated by US customs and, having paid $490,000 to acquire it with an Italian business partner, the coin was sold in the US for $4.19 million in 2020.

Judge Althea Drysdale called Beale’s actions “woefully wrong and illegal.” He is due before New York’s Supreme Court in March 2024 and faces up to 25 years in prison.


Nestle acknowledges delay before baby milk recall

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Nestle acknowledges delay before baby milk recall

  • The company in December recalled batches of its infant formula in 16 European countries
  • Nestle said routine checks at its Dutch plant at the end of November 2025 had detected “very low levels” of cereulide

GENEVA: Swiss food giant Nestle has acknowledged that it waited days for a health-risk analysis before alerting authorities after detecting a toxin in its baby milk at a Dutch factory.
But in an open letter to campaign group Foodwatch France Friday it denied accusations of negligence.
The company in December recalled batches of its infant formula in 16 European countries after detecting cereulide, a bacterial toxin that can cause diarrhea and vomiting.
French newspaper Le Monde reported Friday that traces of cereulide had been found in late November — 10 days before the first recalls of the product — because the company waited for a “health?risk analysis” before informing regulators.
Nestle said in a statement online that routine checks at its Dutch plant at the end of November 2025 had detected “very low levels” of cereulide after new equipment was installed in a factory.
It said there was no maximum limit for cereulide indicated by regulations.
The company halted production and launched further tests, which in early December confirmed minute quantities in products that had yet to leave the warehouse.
Nestle said it informed Dutch, European and other national authorities on December 10 and began a precautionary recall of all products made since the new equipment was installed — 25 batches across 16 European countries.

- Response to Foodwatch -

Friday’s open letter responded to claims by Foodwatch France, which a day earlier announced it was filing a legal complaint in the French courts against Nestle on behalf of several families whose babies had fallen ill.
Nestle denied Foodwatch’s suggestions that its product recall had been late without any reasonable excuse and that it had displayed “alarming negligence.”
They said they had acted in December and January as soon as they had identified there was an issue, said the company.
“We recognize the stress and worry that the recall has caused for parents and caregivers,” it said.
“To date, we have not received any medical reports confirming a link to illness associated with our products,” it added.
The company has said from the start of the affair that the recall stemmed from a “quality issue” and that it had seen no evidence linking its products to illness.
French authorities launched an investigation into the deaths in December and January of two babies who were thought to have drunk possibly contaminated powdered milk.
Nestle said in its statement that “nothing indicates any link between these tragic events in these two instances and the consumption of our products.”