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Man's trash is family's $130 million treasure

Reported by ninemsn staff
Tuesday, April 10, 2012
World's kookiest billionairesBillionaires and their eccentric and outlandish publicity stunts.

The family of a man who died claiming Coca-Cola owed him $130 million have vowed to continue the man’s legal fight with the beverage giant.

In 2008, now-deceased Californian treasure hunter Tony Marohn bought a $5 box of papers at a junk sale containing a stock certificate for 1625 shares in Palmer Union Oil Co, America's ABC News reports.

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When Mr Marohn first found the certificate it bore the signature of "John Wagner" but the line assigning the certificate's ownership was left blank.

Mr Marohn signed the cheque, but it was not until later that he discovered its potential value.

"It was like a blank cheque," the family's lawyer Chris Morsoff told ABC News.

"When Tony bought the box he bought this stock certificate. Whoever holds it, whoever puts their name on it, owns it."

Before his death in 2010 due to a heart condition, Mr Marohn discovered Coca-Cola was the oil company's successor.

In 2009 he contacted the company to claim his entitlement, which he calculated at 1.8 million shares of common stock valued at around $130 million.

Coca-Cola not only rejected the claim but sued Mr Marohn, alleging his claim was "meritless and unfair to the company’s millions of legitimate shareholders."

Now Mr Marohn's family, led by daughter Jamie, have vowed to continue their legal battle with the multinational corporation.

"It’s not so much about the money," Mr Morsoff told ABC News.

"For my client, for Jamie and her mom, it’s about her dad. This was a big deal for her dad before he passed away. She’s going to finish the fight for her dad."

24/10/2014 00:04Sydney, Australia. 24 October,2014
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