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Monday
1 December 2008

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U.S. firm rebuts Spanish charges over $500 mn treasure haul - Trading Markets

U.S. treasure-hunting firm Odyssey Marine Exploration denied Spanish government claims that it “secretly” scoured the ocean floor to find a wreck containing a $500 million haul of colonial-era coins. “Odyssey in this case followed all the appropriate archaeological and legal protocols,” Odyssey CEO Greg Stemm told Efe, calling allegations to the contrary false and “inflammatory.”

Spain’s Culture Ministry on Tuesday accused Odyssey of carrying out “this underwater excavation in secret after having received specific instructions that it was prohibited.”

Read entire article: U.S. firm rebuts Spanish charges over $500 mn treasure haul - Trading Markets

Filed in: Coin Treasures, Odyssey Marine Exploration, Shipwreck Coins

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