The Sunken Treasure dream find was TOO good to be true!

Last month we shared a story we found about a sunken ship full of Treasure that had been found:
https://steemit.com/steemsilvergold/@dixiesilverminer/sunken-treaure-a-dream-of-all-stackers

Well there is an update on the status of the gold to be salvaged:
https://gizmodo.com/sunken-warship-said-to-have-billions-in-gold-looks-like-1828264435
Apparently it was all a scam!
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As of this week police are investigating the leaders of the Shinil Group form South Korea as they have reason to believe the "sunken treasure" was all a scheme to boost a new cryptocurrency company.

The Shinil group claimed to have discovered the ship’s wreckage of The Dmitrii Donskoi, whcih was a Russian cruiser that was deliberately sunk after being damaged in the Battle of Tsushima in 1905 by its captain. They played video footage taken by robotic submarines. However, The team did not salvage any gold they did say they saw a “treasure box” on the ship.
Before the Shinil Group completed their application for the salvage rights, as required with the South Korea’s Ministry of Maritime Affairs and Fisheries, they began announcing their plans for the treasure as follows:
50% to be returned to the Russian government
10% to shareholders of the Shinil company
10% to Korean infrastructure projects

As stated by the Korea Herald, the Shinil Group was founded on July 1, it has the same name as a another company that is based in Singapore. This created confusion with a local company, Jeil Steel. Because of this Jeil Steel's company stock exploded and then quickly dropped when they issued a statement stating they have no involvement with the Shinil Group.

About the same time the government-run Korea Institute of Ocean Science and Technology (KIOST) released a statement that they discoverd the ship’s wreckage was discovered by them 15 years ago in 2003. The next step was a statement by, a spokesperson for the Shinil Group who said: “KIOST’s claim to have found the wreck was ‘fraudulent’ and that the existence of gold is backed up by historical records.” They called the government liars!

It all came to a head at a July 26 press conference. The company President. Choi Yong-seok told reporters, “there’s no way for us to know whether there are gold coins or bars on the Donskoi,” he also stated the company’s previous claims were based on only speculation and media reports, no actual evidence. He then stated that he had become president just a few hours earlier and the previous leadership had voluntarily resigned.

One fact that most missed was the definition of “shareholders” according to the the Shinil Group
who stated all shareholders would receive dividends from the treasure.

To be a shareholder you had to be a holder in their own cryptocurrency. During the investigation it has been found that some of the leaders that resigned have been investigated for involvement in scams in other countries, most notably Rhu Seung-jin who is now on the interpool Red list.

So it seems the search for sunken treasure continues...
until then here are a few pics from last night's pour fresh from the molds! and a link to the video


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Thanks for reading and happy stacking!steemit whale.jpg

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corndog ! Dangit!

You win! That made us both laugh, send us your address and we will pour and send you a copper starfish too! You can email us at [email protected] or pm Dixiesilvergirl on discord. Thank you!

yeeehaaaaaa,Some day I want to meet you guy's, sit in on a live pour,do some shot's of wiskey andtry to do it by myself some day!

I was too late!!!! Congrats @tbnfl4sun!

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