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Treasure Hunter Who Refused to Disclose Location of Shipwreck's 500 Gold Coins Is Released From Prison After a Decade

  • Last Wednesday, Tommy Thompson was released from federal custody after spending about a decade in prison, federal Bureau of Prisons records show.
  • The treasure find and ensuing investor disputes set the stage for years of litigation after Tommy Thompson located the S.S. Central America in 1988, recovering thousands of pounds of sunken gold and battling investors who accused him of cheating them out of millions.
  • After missing a 2012 hearing, authorities tracked Thompson to a Florida hotel and arrested him; a judge held him in contempt and sent him to prison at the end of 2015, with a 2019 appeals court rejecting his legal argument.
  • U.S. District Judge Algenon Marbley agreed to end the civil‑contempt detention and ordered Thompson to start a two‑year sentence, while investors who sued in 2005 still await proceeds from the $50 million sale.
  • Thompson says about 500 missing coins were placed in a trust in Belize with a $2.5 million valuation, and his extended detention beyond the federal contempt‑of‑court limit raises legal questions.
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One of the most valuable ships in the history of the United States left the prison after almost ten years. Marine scientist and explorer Tommy Thompson, 73 years old, was released on Thursday (4), according to records of the Federal Department of Prisons analyzed by Associated Press. Video: Vulcan enters into chaos in Hawaii and throws wastes of football balls Entanda: After 22 years unjustly taken, an innocent woman of the death of a baby in th…

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Associated Press News broke the news in United States on Tuesday, March 10, 2026.
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