A shipwreck hunter says he has found the wreck of a World War II merchant ship that was torpedoed by a German U-boat off Cape Cod with a load of platinum now valued at $3 billion — perhaps the richest hoard ever discovered at the bottom of the sea.

An attorney for the Spanish government said a federal judge’s ruling Tuesday means Florida deep-sea explorers will have to start making plans to hand over 17 tons of silver coins and other treasure from a sunken 19th century galleon.

Originally posted by UFO1414

First off, why would this guy claim anything could be there of value. Wouldn't this draw attention to other "shipwreck hunters"?

I wonder if anything of significant value is salvaged how this guy will be able to claim it. I'm sure the U.S. Government will interfere and keep it themselves? I'll need to do some research.

Anywho, good luck to him. Since I was a kid, I've been fascinated with buried treasure.

news.yahoo.com
(visit the link for the full news article)

Here is a current case, however, it's between some U.S. treasure hunters and the goverment of Spain. SHOCKER: Government of Spain wins.

www.washingtonpost.com... 12/02/01/gIQAJ3swhQ_story.html

An attorney for the Spanish government said a federal judge’s ruling Tuesday means Florida deep-sea explorers will have to start making plans to hand over 17 tons of silver coins and other treasure from a sunken 19th century galleon.

edit on 1-2-2012 by UFO1414 because: Added new link

He will be lucky if he walks away with a couple of hundred million and of course it is going to take years to recover.