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Spain Files Suit for $500 Million Shipwreck Treasure
National Geographic News ^ | 5-9-2008 | Harold Heckle

Posted on 05/11/2008 7:15:26 PM PDT by blam

click here to read article


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1 posted on 05/11/2008 7:15:27 PM PDT by blam
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To: blam

The gold and silver from which the coins were minted was stolen by the Spanish from the South American native people. Maybe their descendants should make a legal claim to the treasure.


2 posted on 05/11/2008 7:21:18 PM PDT by NoControllingLegalAuthority
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To: blam

Maybe if Spain pays Odyssey a $500,000,000 fee for rescuing the treasure they can call it even. Spain gets the treasure and the remains. Odyssey gets $500,000,000. I like a deal in which everybody wins.


3 posted on 05/11/2008 7:23:01 PM PDT by Savage Beast ("History is not just cruel. It is witty." ~Charles Krauthammer)
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To: blam
Some lawyer who gets on the stick will make a fortune in the class action suit against Spain for the return of stolen Inca Gold.

Wheeee! A litiguous feeding frenzy. Get the popcorn!

The salvors should get it. They worked to find it, risked their capital, time, and safety to get it, and it should be theirs.

The Spanish had hundreds of years to go find it and get it if they really wanted it.

What really stinks about this is that the dreams of finding pirate treasure, etc. we had as kids would devolve into a nightmare of greedy governments and lawyers today.

4 posted on 05/11/2008 7:24:24 PM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: blam

The treasure should go to the Peruvian descendents of the Indian slaves who mined the precious metals under the whips of their Spanish masters.


5 posted on 05/11/2008 7:25:42 PM PDT by Happy Rain
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To: blam

Spain is being greedy and is full of s### here. Salvage law applies, a very arcane part of admiralty law. It is a mess and impossible to tell right now what the disposition will be, except that the salvagers will get something very significant out of this.


6 posted on 05/11/2008 7:29:31 PM PDT by piytar
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To: blam

If I’m not mistaken Breck Girl Edwards hedge fund, Fortress Investments is the largest shareholder in Odyssey Marine. I also believe Johnny Boy stands to profit personally to the tune of about $50 Million if Odyssey can keep their hands on the loot.


7 posted on 05/11/2008 7:33:11 PM PDT by jsh3180
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To: blam

“Culture Ministry Director General José Jiménez”

His name is.....Jose Jimenez.....


8 posted on 05/11/2008 7:35:02 PM PDT by RFEngineer
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To: blam
"Spain has not abandoned or otherwise relinquished in any way its ownership of Mercedes," Spain's petition said.

... we just haven't been to visit her in a very, very long time.

9 posted on 05/11/2008 7:35:30 PM PDT by Pikachu_Dad
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To: blam
Spain,

KISS SOME ISLAMIC BOOTIE

....from a guy in Nevada who can't stand SPANISH!!!!!!!!!!!

10 posted on 05/11/2008 7:35:32 PM PDT by shadowcat
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To: blam

They should just go dump it back into the ocean.


11 posted on 05/11/2008 7:37:00 PM PDT by krb (If you're not outraged, people probably like having you around.)
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To: RFEngineer

I wonder if he wears a crash helmet? :^)


12 posted on 05/11/2008 7:38:03 PM PDT by mkmensinger
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To: mkmensinger

Oh I hope not....


13 posted on 05/11/2008 7:41:07 PM PDT by usmcobra (I sing Karaoke the way it was meant to be sung, drunk, badly and in Japanese)
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To: krb

they certainly should not

i am invested in those boys


14 posted on 05/11/2008 7:42:45 PM PDT by Flavius (war gives peace its security)
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To: usmcobra

What does it say about us, recalling a comedy routine from what, fifty years ago?


15 posted on 05/11/2008 7:46:49 PM PDT by mkmensinger
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To: blam

It would be tempting for the Odyssey to simply say “We put it back where we found it, and destroyed all records of where it was found. If you want it .... go find it yourself.”


16 posted on 05/11/2008 7:47:20 PM PDT by Hodar (With Rights, come Responsibilities. Don't assume one, without assuming the other.)
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To: mkmensinger

Thank God for the memories....while we still have them.


17 posted on 05/11/2008 7:52:34 PM PDT by usmcobra (I sing Karaoke the way it was meant to be sung, drunk, badly and in Japanese)
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To: blam
I think the British should claim it.

Tally Ho!

18 posted on 05/11/2008 7:52:45 PM PDT by BallyBill (Serial Hit-N-Run poster)
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To: blam
Since Spain probably was unable to manufacture coins at sea, silver, gold or whatever, isn't it reasonable to conclude that the people it stole the stuff from actually own it (if it could be identified, of course).

When did the laws of salvage change anyway?
I thought in the open sea it has always been and will always remain "finders keepers."

19 posted on 05/11/2008 7:54:02 PM PDT by Publius6961 (You're Government, it's not your money, and you never have to show a profit.)
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To: blam

Well, the brave socialistic gov’t of Spain just paid, what, $1.2 million to the islamoscum pirates in Somalia...

Money that will be used to finance more terrorism, and kill more innocents, BTW...

So they want to replace that amount...and then some...and look “tough” at the same time.

Greedy spineless liberal pansies.


20 posted on 05/11/2008 8:01:58 PM PDT by Levante
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