The E-Sylum:  Volume 10, Number 21, May 27, 2007, Article 8

IS PRESIDENTIAL CANDIDATE EDWARDS PART OWNER OF ODYSSEY'S HAUL?

In a column published Wednesday by The Street, Brett Arends writes:
"The question of the day: Just how much of the $500 million sunken
treasure found in the Atlantic last weekend belongs to Democratic
presidential candidate John Edwards? ... The populist one-term senator
will get an undisclosed piece of the action from the sunken
17th-century galleon.

"The ship, laden with gold and silver, was found at the bottom of
the Atlantic by a little-known exploration company, Florida-based
Odyssey Marine Research (OMR).

"Biggest shareholder: New York-based Fortress Investments, a private
equity and hedge fund manager. Senior adviser and major investor:
John Edwards.

"Edwards' personal financial disclosures show he's an investor in
the exclusive Drawbridge Global Macro Fund, which owns the 9.9%
stake in OMR.

"Ten percent of $500 million. After costs, of course."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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