Colombian president orders recovery of $20 billion shipwreck treasure

[jeff of pa]

The president of Colombia is calling for an accelerated recovery of the 300-year-old wreck of the ship San Jose that may hold a $20 billion stash of treasure, but an American company says half of that loot is theirs.

 

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[MiddenMonster]

I get the feeling that this is going to be a really good fight!!!

 

[jeff of pa]

I get the Feeling it's Gonna Be Spain/Odyssey All Over again.

 

[ToddsPoint]

I’d be happy if Spain got nothing. The world’s worst looters.

 

[ARC]

The thought of the original finders getting screwed out of a fair share makes me sick to my stomach... its appalling and I never thought this sort of theft in plain sight would be tolerated by the masses.
everyone just allows it to happen over and over citing the heart string / heritage BS spun in order to get it all.
The greed machine is going to be running on all cylinders with this one.

Pure and simple "sanctioned theft" on the horizon.

 

[pepperj]

I get the Feeling it's Gonna Be Spain/Odyssey All Over again.

This might not happen on this one as Columbia might just throw up the middle flag and tell Spain to set sail.
Amazing that they pillaged it-then lay claim to it-now that's rich.

 

[ARC]

In case those who read all this dont know...
Sea Search Armada.. which at the time was Glocca Morra... discovered it in 1981 and turned over the co-ords to the Gov.... WITH AN agreement that they would receive half of recovered treasures.

Of course all these years later... "this never happened".
They played the "long con" on Sea Search alright.

 

[MiddenMonster]

We need to establish some odds on the various outcomes and make book on the whole thing. Since sports betting is now legal online all that needs to be done is to declare treasure hunting a "sport" and we're good to go. Treasure Net could even set up a forum for discussion and release a betting app. Just off the top of my head I'd say in a bet:win scenario the odds right now are:

Columbia gets it all - 2:3
Spain gets it all - 5:2
The original agreement is upheld - 2:7
Looters find the wreck site and help themselves - 1:15

Who wants to be the bank?

 

[pepperj]

We need to establish some odds on the various outcomes and make book on the whole thing. Since sports betting is now legal online all that needs to be done is to declare treasure hunting a "sport" and we're good to go. Treasure Net could even set up a forum for discussion and release a betting app. Just off the top of my head I'd say in a bet:win scenario the odds right now are:

Columbia gets it all - 2:3
Spain gets it all - 5:2
The original agreement is upheld - 2:7
Looters find the wreck site and help themselves - 1:15

Who wants to be the bank?

1:15 odds on the looters is pretty secure since it's in 700 ft of sea.
Columbian Navy wanting to do some target practice

 

[MiddenMonster]

1:15 odds on the looters is pretty secure since it's in 700 ft of sea.
Columbian Navy wanting to do some target practice

Since it was Colombia, I was trying to cover myself in the slim chance that the cartels diverted and deployed one of their narcosubs to stay below the waves and use a cable to retrieve some stuff. But you're right. The Colombian Navy could be some stiff vigorish. It also raises the question of who else in the world--private individual, corporation or government would have a sub that could get in there undetected. Maybe there should also be some dark horse odds on that Ballard guy...

 

[pepperj]

Since it was Colombia, I was trying to cover myself in the slim chance that the cartels diverted and deployed one of their narcosubs to stay below the waves and use a cable to retrieve some stuff. But you're right. The Colombian Navy could be some stiff vigorish. It also raises the question of who else in the world--private individual, corporation or government would have a sub that could get in there undetected. Maybe there should also be some dark horse odds on that Ballard guy...

Gee the cartels are floating in $$$ and a Triton sub might be just the ticket for a little sea pillaging.
Drop a few bales off the starboard side-go to wreck site-dive-retrieve-watch on the 6 o'clock news of navy rounding up floating bales.

 

[Crow]

Where there treasure greed in never far away.

Crow

 

[UnderMiner]

I formally claim the treasure for myself. Now that these words have been written they are binding. Seal of approval: 🎖