Shipwrecks and Lost Treasures of the Seven Seas

U.S. SECURITIES AND EXCHANGE COMMISSION - 18 January 2008
 

The Securities and Exchange Commission (Commission) announced today that it has filed a complaint against Ernesto Tapanes in the United States District Court for the Southern District of Florida alleging that he engaged in unlawful trading on the basis of material, nonpublic information in the securities of Odyssey Marine Exploration, Inc. (Odyssey Marine) before Odyssey Marine's May 18, 2007 announcement of its discovery of the Black Swan shipwreck, a find valued at more than $500 million dollars.