News24

Explorers lose treasure in dispute

2012-02-01 19:50

Atlanta - A US judge has ruled against a deep-sea exploration company in a dispute with Spain over 17 tons of silver coins recovered from a sunken 19th century Spanish galleon.

Florida-based Odyssey Marine Exploration, which found the treasure off the Portuguese coast in 2007, had requested a stay after a federal court in Atlanta ruled last year the explorers must give the treasure back to the Spanish government.

In an order on Tuesday, a US circuit court judge denied the company's motion.

In court documents, the exploration firm said a stay of the court proceedings was necessary to protect its interests and prevent Spain from keeping the treasure as the claims were considered by courts.

Comments
  • TheWatcher - 2012-02-01 20:33

    The Spanish lost the ship they should at least pay the explorers a substantial finders fee. Note to self: If you find buried/sunken treasure keep your trap shut.

  • john.h.viljoen - 2012-02-01 20:40

    17 tons of silver will fetch a pretty penny(excuse the pun).

  • rbczovczov - 2012-02-02 07:44

    Sometimes honesty is not the best policy and this is one of those times. Should have kept their find a secret.

  • Peter - 2012-02-02 08:06

    Surely at the least they must be paid a finders fee.

  • Barry - 2012-02-02 09:34

    thewatcher - well said

  • richard.barnard2 - 2012-02-02 09:35

    Just like taxes.....you do all the work and the goverment takes your money

  • EyesEars - 2012-02-02 09:35

    2 Dogs fighting over a bone or 2 girls fighting over a guy? Di I need to say more?

  • Vernon - 2012-02-02 10:41

    I people that found and raised the silver should chuck it back in the sea and let Spain do the work.

  • pages:
  • 1