No arrests have been made or will be made, McClenaghan told the Saratogian. The statute of limitations on the theft has long expired.The trophy will be added to the museum's collection, perhaps as part of a Seabiscuit exhibit. The press conference is set for 10 a.m. EDT at the museum, located in Saratoga Springs.
The National Museum of Racing and Hall of Fame will announce June 27 the details of how a Seabiscuit trophy stolen in the 1950s was recovered. The trophy was stolen from the Howard family, which owned the famed Thoroughbred.The investigation into the theft began last summer, according to the June 20 issue of the Saratogian newspaper in Saratoga Springs, N.Y. Local officials and the FBI were involved in the probe, which began when the owner of the trophy approached the museum to sell it.Tom McClenaghan, an FBI agent from Albany, N.Y., told the newspaper that the Howards, while living in California, sent the trophy out for cleaning. It then disappeared after the jeweler shipped it back. The FBI traced ownership of the trophy back to the early 1980s.