SSA appeals for help from the U.S. government have not been fruitful. Although some Members of Congress signed a petition supporting the Americans' claim, Congress never voted on the issue.Said SSA's attorney James DelSordo, "Although we are gratified at this recognition, my clients would like to finally end this interminable legal battle and get to the business of recovering a ship wreck that has sometimes been termed 'the holy grail' of lost treasures. If successful, it would provide enormous resources for Colombia, hundreds of millions of dollars in taxes to the U.S. government, a final return for the investors in the project and an abundance of historical and archeological information."
Colombia Concedes Point On Spanish Galleon Salvage While Resisting Claim
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts