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Coin Collecting NewsJudge tells Spain, treasure hunters to reach accord on evidence
A federal judge said Wednesday that he would give Odyssey Marine Exploration and the Spanish government until the end of the week to settle their differences over the documentation the Florida treasure-hunting firm provided on the $500 million in gold and silver coins the company recovered last May.
“I think our position was well-understood by the court,” James Goold, the attorney representing Madrid, told Efe.
He said that Judge Mark A. Pizzo “did not issue any ruling,” but instead warned the parties in the hearing held Wednesday in Tampa that if they do not resolve their differences by Friday he will be obligated to intervene.
Goold said that Tampa-based Odyssey had not “supplied all the information that the court ordered” about the items salvaged from a colonial-era shipwreck code-named Black Swan.
Though the recovery took place in international waters, Madrid contends the company plundered Spanish cultural assets. Full Story
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Alfred Jones | Apr 3, 2009 | Reply
Why is it whenever someone finds a shipwreck with massive amounts of treasure onboard, the salvager has to deal with people from other countrys claiming to be the rightfull owners of said wreck. No one even knew it even exisited untill the odyssey searched on their own using their own money . The odyssey should be awarded exclusive rights to any wreck they find in international waters. If a country was so concerned about their heritage they should have looked for their wrecks themselves.