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Gold ship hoax: Executives jailed over 'sunken treasure ship' claims

From cnn.com

{video} Three executives of a South Korean company, which claimed to have found a sunken Russian treasure ship containing billions of dollars in gold, have been jailed, months after their scam fell apart. Shinil Group attracted global attention when it claimed last year to have discovered the Dmitri Donskoii, a 5,800-ton warship that sank during the 1905 Battle of Tsushima, in the waters between present-day South Korea and Japan. Reports from the time of the sinking suggested there was gold on board, which could now be worth upwards of $125 billion, a staggering sum which a Shinil representative at a closely-watched ... (full story)

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