An Atlanta-based company that arranges dives and recoveries of shipwrecks  landed a $16 million default judgment against a Mexico-based company that wanted to partner with it, but whether it can recover the treasure—delivered against a defendant as spectral as the Flying Dutchman—remains another matter. 

According to court filings Undersea Recovery Corp., which is "in the business of pursuing archeologically guided exploration and recovery of ship wrecks throughout the world," entered into an agreement with Defendant Madero Holdings S.A. in 2013 under which Madero would deliver $10 million worth of bonds issued by the Central Bank of Venezuela to Undersea.