"In 2009, Hobby Lobby began acquiring a variety of historical Bibles and other artifacts. Developing a collection of historically and religiously important books and artifacts about the Bible is consistent with the company's mission and passion for the Bible," said a Hobby Lobby statement.
"We should have exercised more oversight and carefully questioned how the acquisitions were handled," Hobby Lobby President Steve Green said in the statement. "Hobby Lobby has cooperated with the government throughout its investigation, and with the announcement of today's settlement agreement, is pleased the matter has been resolved."
Green and a consultant traveled to the United Arab Emirates in July 2010 to inspect the artifacts for sale, the DOJ said.
"The protection of cultural heritage is a mission that Homeland Security Investigations and its partner US Customs and Border Protection take very seriously as we recognize that while some may put a price on these artifacts, the people of Iraq consider them priceless," said Angel Melendez, special agent in charge, who led the investigation with the United States Attorney's Office.