US Police Looking for Stolen Treasures that could be in St. Kitts & Nevis

According to US media reports, attributed to UPI, “investigators are looking for treasures bought with $5 million allegedly stolen from a Detroit pension fund by a South Carolina couple. Purchases included jeweled Russian eggs, sculptures by Rodin and expensive jewelry, The Detroit News reported.”

The UPI report said, US Federal court records claim the items cannot be found because, the couple, George and Teresa Kastanes hid them or shipped them out of the country.

Lawyers working with the Detroit Police and Fire pension fund have spent months interviewing family and associates of the Kastanes in hopes of discovering clues to the whereabouts of the missing booty.

Several other creditors say they lost $39.5 million in a Ponzi scheme allegedly run by the couple.

A federal grand jury was investigating in January a failed $10 million investment with the couple made by the pension fund.

No criminal charges have been filed.

The couple fled to St. Kitts in March to avoid an arrest warrant. George Kastanes, 62, was captured in May when he returned to the United States from Costa Rica. Teresa Kastanes, 54, has disappeared.

A lawyer representing the trustee overseeing the Kastanes’ bankruptcy said the couple shipped as many as 10 Rodin sculptures to St. Kitts before they fled the United States.

A friend of the Kastaneses testified in a deposition the couple shipped their Polynesian furniture and artwork to the neighboring island of Nevis before they left.

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