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Treasure hunter has ship for sale as platinum claim doubted

A treasure hunter who boasted that he had discovered a sunken British merchant ship containing platinum bars worth $3 billion has put his 220-foot ship up for sale and laid off most of his staff. Greg Brooks of Sub Sea Research in Gorham, Maine, said the S.S. Port Nicholson, sunk 50 miles off Cape Cod by a German U-boat in 1942 during World War II, carried platinum bars from the Soviet Union that were payment to the United States for war supplies. He announced in February 2012: "I'm going to get it, one way or another." But some called Brooks's assertions into question from the beginning, and the Portland Press Herald reported that the search has come to a halt. Some investors who bankrolled the salvage effort to the tune of $8 million went to federal court to take over the recovery rights. Brook's salvage ship, the Sea Hunter, is listed for sale in Yachting World magazine with an asking price of $2.95 million. Brooks declined to comment to the newspaper.