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Judi Lynn

(160,635 posts)
Mon Dec 7, 2015, 02:10 PM Dec 2015

Why US investors claim half the treasure found in Colombia’s Caribbean

Why US investors claim half the treasure found in Colombia’s Caribbean
Posted by Adriaan Alsema on Dec 6, 2015 |

The gold inside the sunken galleon San Jose, found off the Caribbean coast of Colombia on Friday, is worth between a staggering $4B and $17B but is disputed by a US investor group that claims half of the treasure.

President Juan Manuel Santos tweeted late Friday night that divers had found the ship and its massive treasure 307 years after a British war ship sank the vessel just off the coast of Cartagena, now a tourism hotspot.

The president released video of the discovery, claiming it was a ” historic milestone for our submerged cultural patrimony.”
However, a group of American investors united in a company called Sea Search Armada (SSA) claimed that it had found the San Jose site in 1981.

According to SSA, the Colombian government has been trying to “illegally confiscate SSA’s finds.”

More:
http://colombiareports.com/why-an-american-company-claims-half-of-the-4b-treasure-found-in-colombias-caribbean/

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Why US investors claim half the treasure found in Colombia’s Caribbean (Original Post) Judi Lynn Dec 2015 OP
Thanks for the post, Judy Lynn. You won me a bet! Proserpina Dec 2015 #1
 

Proserpina

(2,352 posts)
1. Thanks for the post, Judy Lynn. You won me a bet!
Mon Dec 7, 2015, 02:38 PM
Dec 2015

I just knew there would be lawsuits over this treasure....and so it goes.

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