Tommy Would rather stay in Jail Than Reveal The Location Of Gold Treasure

The S.S. Central America, often known as the Ship of Gold, was built during the mid-1800s California gold rush era and ran smoothly between its eponymous region and America’s eastern coast until September 1857, when tragedy struck. On September 3, the Central America set sail from the Panamanian port of Colón for New York City, carrying 30,000 pounds of prospected gold and 578 persons. However, the ship was soon engulfed in a hurricane off the coast of South Carolina. The ship sank on September 12, 1857, after the sails and boilers failed. 425 of the 578 passengers on board died.

Wreckage of the Ship of Gold at the bottom of the sea

While the human loss was priceless, the loss of the golden cargo contributed to a genuine economic panic. The value of the lost gold, which was formerly estimated at roughly $8 million, is now worth around $550 million by today’s standards.That’s how Thompson ended up being tasked with finding the lost treasure in 1988. The investors paid Tommy to find the location of the treasure but unfortunately, they have been waiting three decades for a return on their investment in the treasure hunter’s discovery.

How Thompson Found himself Behind Bars

Tommy Thompson accepted to a plea deal after being apprehended by the US Marshal in March 2015 for missing his court appearance with the investors. He was sentenced to two years in prison and fined.

Tommy Thompson

In exchange for leniency, Thompson’s bargain obliged him to answer certain questions about the treasure. During these private meetings, he was required to “help” any interested parties in locating the coins.

Despite the immense pressure that was put on him, Thompson resisted disclosing any in formation. He was therefore sentenced to stay in jail on Dec. 15, 2015, and to pay a fine of $1,000 per day until he provided any information leading to the discovery of the coins. Thompson, on the other hand, claims to have forgotten where he hid the gold.

One of the Judges said of Tommy:

“He creates a patent for a submarine, but he can’t remember where he put the loot,” scoffed Judge Marbley during a 2017 hearing.

Thompson claimed ignorance in October 2020. He claimed to have chronic fatigue syndrome, which affects his short-term memory, but the judge dismissed this as unimportant.

He said:

“Your honor, I don’t know if we’ve gone over this road before or not, but I don’t know the whereabouts of the told,” he said. “I feel like I don’t have the keys to my freedom.”

The Case Is Still unsolved, and the Treasure Is Still Missing

Thompson is still imprisoned in federal prison in Milan, Michigan, despite the fact that neither side is giving up.

The investors refuse to dismiss their lawsuit despite the fact that he has said, however vaguely, that the coins were transferred over to a trust in Belize. Fines of $1.8 million are still owed by the 68-year-old. Meanwhile, Thompson’s defense claims that the maximum penalty for contempt of court is 18 months, and that Thompson has completed his sentence.

Thompson aging in jail

However, the court appears to have discovered a loophole. Thompson also refused to hand over power of attorney to allow them to inspect the Belizean trust, according to the complaint, in violation of his plea deal’s provision that he “help” the interested parties. As a result, the court claims that his continuing sentence is warranted.

“If he had just followed his plea agreement and cooperated in recovering missing assets when he was supposed to, he would be out of prison by now,” said attorney Steven Tigges.

Thompson, on the other hand, might not know where the gold is. On the other hand, he could be stalling the investors until he can return to his hidden treasure on the off-chance that one of his appeals succeeds.

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