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The E-Sylum:  Volume 9, Number 24, June 11, 2006, Article 9

FORBES CENTRAL AMERICA ARTICLE FOLLOWS THE MONEY: SHIP OF FOOLS?

Nick Graver writes: "The June 19 issue of Forbes Magazine has a
several page story on the Central America gold treasure that has
never been shared by the investors who financed the recovery!"

"Where is Tommy G. Thompson? Not so long ago the marine engineer
from Columbus, Ohio was everywhere, raising $55 million in equity
and debt financing and promoting the latest underwater technology
to salvage gold from the bottom of the Atlantic Ocean. He once gave
frequent press interviews and authorized books and TV documentaries
to commemorate his recovery of a vast sunken treasure from the
shipwrecked S.S. Central America--hundreds of gold Double Eagle
coins, bars and ingots valued at $100 million to $400 million.
Some of that loot went on national tour; an estimated $100 million
was sold in heavily publicized sales and auctions.

Today Thompson, 54, is hard to find. His last residential address
in public records: a trailer park in Fort Pierce, Fla. No one
answers the phone there or at his former Columbus address. Investors
who financed Thompson's Recovery Limited Partnership haven't seen a
penny of returns, 19 years after the recovery of the treasure, and
fear that Thompson left town with many millions."

To read the complete article, see: Full Story

Fred Holabird writes: "I was interviewed for about 3 hours by
Gottfried. I expected a long, in-depth article full of the kind
of details that everyone has long wanted to see in print. What
they published is nothing like what was discussed, unfortunately.
It is very unfortunate that one of the great treasures of America
is smeared by bad business. I hope the web can get untangled, and
the public can one day find out what happened. Meanwhile, the SSCA
gold is very real, but the new gold, the cash, seems to have
vanished."

  Wayne Homren, Editor

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