John Edwards' pirate booty
Earlier this month an obscure Florida-based firm called Odyssey Marine Research hauled up $500 million in sunken treasure from an undisclosed location in the Atlantic ocean.
Brett Arends of the Street did some exploring of his own and learned that John Edwards may be among the beneficiaries of OMR's haul:
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. [TS]
Well played, Senator.