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keysnews.com]
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Judge: Emeralds not legally 'treasure'
BY ADAM LINHARDT Citizen Staff
alinhardt@keysnews.com
A federal judge on Friday denied title to the finder of a cache of emeralds discovered three years ago, but what that means for the salvor remains as unclear as the murky tale's origin in a dusty Duval Street tavern.
U.S. District Judge James Lawrence King ruled that former real estate agent and Mel Fisher-investor-turned-salvor Jay Miscovich and his company, JTR Enterprises -- as well as his business partner, Steve Elchlepp -- failed to prove that they found the 154 pounds of gemstones scattered across the Gulf of Mexico seafloor some 30 miles off Key West, as he testified in court.
Although JTR can keep the gemstones, King's ruling means neither Miscovich nor Elchlepp can legally claim the gemstones are "court-validated" sunken treasure, and that significantly hurts their value, said attorney Gene Lewis.
Kim Fisher, son of famed salvor Mel Fisher and owner of Motivation Inc., said Friday that he felt vindicated by King's ruling.
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