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Subject:   Rich Shipwreck Mired In Legal Tangle
Name:   IMAC News
Date Posted:   Dec 2, 07 - 9:04 AM
Website:   http://www.latimes.com/news/nationworld/world/la-fg-shipwreck2dec02,0,820122.story?coll=la-tot-world&track=ntothtml
Message:   Excerpt from the Los Angeles Times:

The galleon San Jose sank off Colombia in 1708 carrying treasure said to be worth $2 billion today. But disputes over who gets the loot have prevented its recovery.

By Chris Kraul and Carol J. Williams, Los Angeles Times Staff Writers

December 2, 2007
CARTAGENA, Colombia — For nearly 300 years, the wreck of the Spanish galleon San Jose has tantalized archaeologists and salvagers alike. When it sank in 800-foot-deep waters off this fortified Spanish colonial city, it was carrying gold, silver and precious jewels that a group of treasure hunters believes are now worth $2 billion.

But a quarter of a century after the U.S. group, which originally included a Hollywood actor, a professional golfer and a convicted Watergate felon, staked its claim, exploration and retrieval of the wreck seem as distant as the sinking sun at dusk over this historic walled city.

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