Treasure Hunter Fined $1,000 Daily for Refusing to Reveal Location of Hidden $2 Million Fortune

The Extraordinary Case of Tommy Thompson
Imagine discovering a treasure worth millions, only to end up in jail for nearly a decade because you refuse to reveal its location. That’s exactly what happened to Tommy Thompson, a former research scientist turned deep-sea treasure hunter who found himself at the center of one of the most bizarre legal battles in history.
Since December 2015, Thompson has been imprisoned for contempt of court, all because he won’t disclose the whereabouts of 500 missing gold coins, reportedly worth over $2 million. To make matters worse, he is fined $1,000 every single day—a financial penalty that continues to pile up, now totaling millions of dollars.
His case has fascinated treasure-hunting enthusiasts, legal experts, and history buffs alike. Is he protecting a lost fortune, or has he truly forgotten where the treasure is? His refusal to cooperate has led to endless speculation, with some believing that he has hidden the gold offshore, while others think he spent it long ago and simply refuses to admit it.
But how did a scientist-turned-explorer end up in this mess? The story begins with one of the most legendary shipwrecks in American history: the S.S. Central America.
The Discovery of the “Ship of Gold”
The S.S. Central America, often called the “Ship of Gold”, was a steamship that sank in 1857 off the coast of South Carolina during a hurricane. The vessel was carrying an estimated 21 tons of gold from the California Gold Rush, making it one of the most valuable shipwrecks ever lost at sea.
At the time, the ship’s loss was devastating for the American economy, as its cargo of gold was meant to back currency and strengthen financial institutions. The sinking contributed to the Panic of 1857, a major financial crisis that sent shockwaves across the country.
For over 130 years, the treasure remained hidden beneath the ocean—until 1988, when Thompson and his team, using cutting-edge underwater robotics, successfully located the wreck. The discovery was groundbreaking, recovering gold bars, coins, and other precious artifacts worth hundreds of millions of dollars.

Thompson’s expedition was revolutionary because, at the time, deep-sea exploration was still in its infancy. The technology he used paved the way for modern underwater archaeology, making it possible to explore other sunken treasures. His techniques were so advanced that even NASA took an interest in his work.
At first, Thompson was hailed as a visionary scientist and explorer. Investors eagerly funded his expedition, hoping for a lucrative return. But soon, allegations surfaced that Thompson had embezzled millions and hidden the treasure—leading to a years-long legal battle.
Legal Trouble: From Hero to Fugitive
Despite recovering a fortune from the wreck, Thompson’s investors never received their promised share of the profits. He had raised millions of dollars from private backers to fund his expedition, and many of them expected substantial returns from the sale of the recovered gold. However, when the time came to distribute the profits, the money—and much of the gold—was nowhere to be found.
Lawsuits started piling up, with claims that Thompson had moved the treasure to secret bank accounts and laundered it through various offshore entities. Some reports suggested he had transferred part of the wealth to a trust in Belize, while others alleged he had personally sold off some of the gold and pocketed the cash.
By 2012, things escalated when Thompson failed to appear for a court hearing in Ohio regarding the missing 500 gold coins. A judge issued a warrant for his arrest, and just like that, Thompson vanished.
For three years, he remained a fugitive. His time on the run involved a series of fake identities, cash-only transactions, and constant movement to avoid detection. He was eventually caught in 2015, when U.S. Marshals tracked him down in Florida. Authorities found him hiding in a hotel, living under an alias with a duffel bag full of cash and multiple fake IDs.
Social Media Explodes with Reactions
As news about Tommy Thompson’s case continues to circulate, social media users are divided on whether he’s a criminal mastermind or just a stubborn man sticking to his story.
Here’s what people are saying online:
🔹 “This guy has been sitting in jail for nearly a decade instead of just telling them where the treasure is?! Either he’s incredibly loyal to his secret or it’s long gone!” – @HistoryBuff
🔹 “Imagine getting fined $1,000 every single day. I’d break after a week. This man is built different.” – @TreasureHunterDaily
🔹 “If Tommy Thompson really doesn’t know where the gold is, this is one of the most tragic prison sentences ever. But if he does… what’s his endgame?” – Reddit Discussion Thread
🔹 “People keep saying ‘just tell them where the gold is’—but what if it’s truly lost or already sold? You can’t reveal what you don’t have. Maybe the real crime is not having a better exit plan.” – @CrimeWatchBlog
🔹 “The government let billionaires get away with financial crimes, but they keep one treasure hunter locked up for life? This story is wild!” – @JusticeForTommy
This case has stirred up fierce debate across platforms, with many questioning whether Thompson is truly withholding information or if the treasure is forever lost. What do you think?
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Jailed and Fined $1,000 Per Day
Following his dramatic arrest, Thompson pleaded guilty to contempt of court and was sentenced to two years in prison. However, this was only the beginning of his legal troubles.
The court demanded that he reveal the location of the missing 500 gold coins, which were believed to be worth over $2 million. Thompson refused.
As a result, he was held in contempt of court indefinitely starting in December 2015, and the judge imposed a $1,000-per-day fine until he cooperates. This means he has now accumulated millions of dollars in penalties, adding yet another layer of financial burden to his already complex legal situation.
His continued silence has frustrated both the court and the public. Some believe he’s simply being stubborn, while others speculate that he genuinely doesn’t remember where the coins are. His refusal to comply has led to multiple failed appeals, with courts consistently ruling against him.
Can He Ever Be Released?
Federal law usually limits contempt imprisonment to 18 months, but Thompson’s case is unique. Since he has not met the conditions of his plea deal, courts have continued to deny his release.

In 2019, a federal appeals court rejected his plea for freedom, arguing that he had deliberately withheld information and had the power to comply with the court’s order.
However, in February 2024, U.S. District Judge Algenon Marbley stated that he “no longer believes that further incarceration will coerce compliance.” This could indicate that the court is finally reconsidering his release.
But there’s a catch—Judge Marbley has now ordered that Thompson serve a separate two-year sentence for criminal contempt, which had previously been postponed.
In other words, even if he’s released from his indefinite civil contempt sentence, he still has to serve two more years in prison.
The Mystery of the Missing Treasure
Thompson’s case is one of the strangest in treasure-hunting history. The fact that he has remained silent for nearly a decade has only deepened the mystery.
Where is the missing treasure?
Some believe he has hidden it in an unknown location, while others think the gold was secretly sold and laundered long ago. No matter the truth, the legend of the Ship of Gold remains as fascinating as ever.
What Do You Think?
Should Tommy Thompson be released, or is he getting what he deserves for withholding information?
Let us know your thoughts in the comments or join the discussion on Twitter and Facebook.
Featured Image Credit: YouTube/NBC4 Columbus