Word: atocha
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...unique tax-shelter limited partnership. The deal was the brainstorm of an ebullient New Jersey tax-shelter specialist, Jerry Burke, 50. The money entitled the investors-partners to 17.5% of anything recovered during 1980 from the Spanish galleon Santa Margarita. That ship and a sister ship, the Atocha, both carrying New World treasure to Spain, sank in a hurricane off the coast of Florida in 1622. "It's a good feeling to finally be able to distribute this stuff. It justifies the faith people had in me," said Mel Fisher, founder of Treasure Salvors. It was an uncharacteristic understatement...
...Fisher brought in seers, psychics and trained dolphins to break the technological tedium. There were thousands of fruitless dives into holes blown through 20 ft. of sand. And in 1975 there was tragedy. A week after the Fishers' oldest son Dirk discovered bronze cannons that irrefutably identified the Atocha, he and his wife and another diver drowned when a salvage tug capsized...
...Associates, is now trying to register a $12 million tax shelter with the Securities and Exchange Commission so that it can be sold publicly. That money would go toward six new expeditions Fisher has in mind, as well as for further exploring at the sites of the Margarita and Atocha...
...former director of the New York Metropolitan Museum of Art who is now organizing traveling cultural exhibits, plans to take the 1622 haul on a worldwide tour. As for Fisher, he is still dreaming, this time of finding the mother lode: 1,078 silver ingots that sank with the Atocha. And maybe he will...
...assassins came late in the evening, two men in their 20s wearing green topcoats. In third-floor offices at Calle Atocha 55 in downtown Madrid, eight young lawyers employed by the Communist-dominated labor-federation comisiones obreras (workers' commissions) were still in their offices when the pair burst through the door. Brandishing automatic weapons apparently equipped with silencers, they herded a male receptionist and the lawyers, one of them a woman, into a semicircle and ordered them to hold their hands in the air. One of the team of killers ripped out telephone lines, while the other demanded...