PORTLAND, Maine - A Maine treasure hunter's six-year effort to salvage an estimated $3 billion in platinum from a World War II shipwreck off Cape Cod appears to have ended.
The Portland Press Herald reports that in a brief filed Tuesday in U.S. District Court, a lawyer for Greg Brooks' company, Sea Hunters, said that although it "very much wishes to proceed with its salvage project, it acknowledges that at present it lacks the resources to do so.''
Brooks and his crew spent numerous seasons at the site of the S.S. Port Nicholson wreck about 50 miles off Cape Cod, but never recovered anything of value. The Port Nicholson was sunk by a Nazi U-boat in 1942.
Brooks and a longtime researcher are the subjects of criminal investigations but neither has been charged.