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Cake day: January 10th, 2024

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  • Tommy Thompson, 73, discovered millions of dollars’ worth of sunken treasure from the 1857 wreck of the SS Central America, also known as the Ship of Gold, off the coast of South Carolina in 1988.

    Investors in Thompson’s venture accused him of cheating them out of promised proceeds and after years on the run he was jailed in 2015 on a criminal contempt charge.

    A total of 161 investors had given Thompson $12.7m (£9.4m) to find the ship on the understanding that they would see returns on their investment.

    Thompson, then an oceanic engineer at Battelle Memorial Institute in Columbus, Ohio, and his crew brought up thousands of gold bars and coins in 1988, much of them later sold to a gold marketing group in 2000 for about $50m.

    He had maintained that the coins were turned over to a trust in Belize and that the profits from the sale of the first batch of gold had mostly gone toward legal fees and bank loans, according to the BBC’s US partner CBS News.

    The investors sued Thompson in 2005, alleging they had not yet received any proceeds from the treasure’s sale. Later, a criminal complaint against Thompson said the gold bars and coins he recovered from the seafloor were worth up to $400m.