FBI records deepen mystery of dig for Civil War-era gold | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 01, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 01, 2025
FBI records deepen mystery of dig for Civil War-era gold

USA

AP/UNB
19 February, 2023, 10:05 am
Last modified: 19 February, 2023, 10:08 am

Related News

  • Gold slips as haven demand eases after Trump delays EU tariffs
  • Govt likely to restrict gold entry via baggage to once a year
  • 3 alleged members of online scam ring arrested with 85 bhori of gold in Dhaka
  • Gold price decreased by Tk1050 per bhori from today
  • Gold prices drop as tariff concerns ease; US data in focus

FBI records deepen mystery of dig for Civil War-era gold

AP/UNB
19 February, 2023, 10:05 am
Last modified: 19 February, 2023, 10:08 am
Photo: Collected
Photo: Collected

The court-ordered release of a trove of government photos, videos, maps and other documents involving the FBI's secretive search for Civil War-era gold has a treasure hunter more convinced than ever of a coverup — and just as determined to prove it.

Dennis Parada waged a legal battle to force the FBI to turn over records of its excavation in Dents Run, Pennsylvania, where local lore says an 1863 shipment of Union gold disappeared on its way to the US Mint in Philadelphia. The FBI, which went to Dents Run after sophisticated testing suggested tons of gold might be buried there, has long insisted the dig came up empty.

Parada and his advisers, who have spent countless hours poring over the newly released government records, believe otherwise. They accuse the FBI of distorting key evidence and improperly withholding records in an apparent effort to conceal the recovery of a historic, extremely valuable gold cache. The FBI defends its handling of the materials.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Parada's dispute with the FBI is playing out in federal court, where a judge overseeing the case must decide whether the FBI will have to release its operational plan for the gold dig and other records it wants to keep secret. The judge could also order the FBI to keep looking for additional materials to turn over to the treasure hunter.

"We feel we were double-crossed and lied to," Parada said in an interview at his cramped, wood-paneled office, where huge drill bits and high-end metal detectors compete for space with rusty miners' picks, Civil War-era cannon parts and other odds and ends he's dug up over the years.

"The truth will come out," said Parada, co-founder of the treasure-hunting outfit Finders Keepers. Solving the mystery is not his only goal — he had hoped to earn a finder's fee from the potential recovery of hundreds of millions of dollars worth of gold.

An FBI spokesperson declined to answer questions about the agency's gold dig records or respond to the coverup allegations, citing the ongoing litigation. Last year, the FBI released a statement publicly acknowledging for the first time that it had been looking for gold in Dents Run. The statement said the FBI did not find any, adding the agency "continues to unequivocally reject any claims or speculation to the contrary."

There is little evidence in the historical record to suggest that an Army detachment lost a gold shipment in the Pennsylvania wilderness — possibly the result of an ambush by Confederate sympathizers — but the legend has inspired generations of treasure hunters, Parada among them.

He and his son spent years looking for the fabled gold of Dents Run, eventually guiding the FBI to a remote woodland site 135 miles (220 kilometers) northeast of Pittsburgh where they say their instruments identified a large quantity of metal. The FBI brought in a geophysical consulting firm whose sensitive equipment detected a 7- to 9-ton mass suggestive of gold.

Armed with a warrant, a team of FBI agents came in March 2018 to dig up the hillside. An FBI videographer was on hand to document it, at one point interviewing a Philadelphia-based agent on the FBI's art-crime team who explained why the FBI was in the woods of one of Pennsylvania's most sparsely populated counties.

"We've identified through our investigation a site that we believe has US property, which includes a significant sum of base metal which is valuable ... particularly gold, maybe silver," the agent said on the video, his face blurred by the FBI to protect his privacy.

Calling it a "155-year-old cold case," he said the FBI had corroborated Parada's information about the location of the reputed gold through "scientific testing." He stressed the test results did not prove the presence of gold. Only a dig would help law enforcement "get to the bottom of this story once and for all," the agent said.

Parada obtained the video and other FBI records through a Freedom of Information Act lawsuit, hoping they would help answer lingering questions about what took place at Dents Run five years ago. Parada was mostly kept away from the dig site while the FBI did its work.

He suspects the agency conducted a clandestine, overnight dig between the first and second days of the court-authorized excavation, found the gold, and spirited it away. Residents have previously told of hearing a backhoe and jackhammer overnight — when the dig was supposed to have been paused — and seeing a convoy of FBI vehicles, including large armored trucks. The FBI has denied it conducted an overnight dig.

Parada and a consultant, Warren Getler, have focused on a handful of FBI photos and an accompanying photo log that have them questioning the FBI's official gold dig timeline. At issue is the presence or absence of snow in the images and the timing of a storm that briefly disrupted operations. For example, an FBI image that was supposed to have been taken about an hour after the squall does not show any snow on a large, moss-covered boulder at the dig site. That same boulder is snow-covered in a photo that FBI records indicate was taken the next morning — some 15 hours after the storm.

They accuse the FBI of altering the sequence of events to conceal an overnight excavation.

"We have compelling evidence a night dig took place, and that the FBI went to some large effort to cover up that night dig," said Getler, co-author of "Rebel Gold," a book exploring the possibility of buried Civil War-era caches of gold and silver.

There are other seeming anomalies in the records, according to Finders Keepers' legal motion. Among them:

— The FBI initially turned over hundreds of photos, but rendered them in low-resolution, high-contrast black-and-white, making it impossible to tell the time of day they were taken or even, in some cases, what they show. The treasure hunters went back and requested several dozen of the photos in color, which the FBI provided.

— The agency did not provide any video of the second and final day of the dig. Nor did it produce any photos or video showing what the FBI's own hand-drawn map described as a 30-foot-long, 12-foot-deep trench — which the treasure hunters claim could have only been dug overnight. Government lawyers acknowledged these gaps in the photo and video record but did not elaborate in a court filing last week.

— The consulting firm hired by the FBI to assess the possibility of gold produced a report on its findings, but the version given to the treasure hunters seems to be missing key pages.

— The FBI did not provide any of its agents' travel and expense invoices, which could shed further light on the dig timeline.

The records released so far "cast doubt on the FBI's claim to have found nothing and raise serious and troubling questions about the FBI's conduct during the dig and in this litigation, where it has gone to great lengths to distort critical evidence," Anne Weismann, a lawyer for Finders Keepers, wrote in a legal filing that seeks records, including the FBI's operational plan, that she says were improperly withheld.

The Justice Department did not address the treasure hunters' most explosive claims of a possible coverup in its latest legal filing. The government instead told a federal judge in Washington, D.C., that the FBI had satisfied its legal obligation to the treasure hunters to search for its records of the dig, and asked for the case to be closed.

The judge has yet to rule.

Parada said he will keep asking questions until he gets satisfactory answers.

"I will stick at this until the end, until I know everything that happened to that gold," he said. "How much, where it went to, who has it now. I gotta know."

World+Biz

FBI / Gold

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Former prime minister Sheikh Hasina briefing media. File Photo: UNB
    July Uprising atrocities: ICT accepts formal charges, orders arrest of Hasina, Kamal
  • Chief Adviser Muhammad Yunus with Chinese Commerce Minister Wang Wentao at an event in the capital on 1 June 2025. Photo: UNB
    CA Yunus for China-backed boost for jute in economy
  • Photo: Screengrab
    No room for vandalism in the name of mobs: Army officer tells Sarjis

MOST VIEWED

  • Govt slashes June prices for diesel, petrol, octane
    Govt slashes June prices for diesel, petrol, octane
  • Tax exemptions for key industries to go, sweeping tax hikes planned
    Tax exemptions for key industries to go, sweeping tax hikes planned
  • Photo: Courtesy
    IFIC Bank incurs Tk500cr loss in Jan-Mar
  • Chief Adviser Muhammad Yunus meets Japanese Prime Minister Ishiba Shigeru in Japan on 30 May 2025. Photo: CA Office
    Bangladesh, Japan to sign Economic Partnership Agreement by year-end
  • Indian Chief of Defence Staff General Anil Chauhan shares insights on how Operation Sindoor represents future wars at Shangri-la Dialogue in Singapore on Saturday, 31 May 2025. Photo: ANI via Hindustan Times
    India confirms losing fighter jets in recent conflict with Pakistan: Bloomberg
  • Mahmud Hasan Khan Babu. Photo: Collected
    Mahmud-led Forum panel wins BGMEA election

Related News

  • Gold slips as haven demand eases after Trump delays EU tariffs
  • Govt likely to restrict gold entry via baggage to once a year
  • 3 alleged members of online scam ring arrested with 85 bhori of gold in Dhaka
  • Gold price decreased by Tk1050 per bhori from today
  • Gold prices drop as tariff concerns ease; US data in focus

Features

Photo: Collected

Slice, store, sizzle: Kitchen must-haves for Eid-ul-Adha 2025

1h | Brands
The wide fenders, iconic hood scoop and unmistakable spoiler are not just cosmetic; they symbolise a machine built to grip dirt, asphalt and hearts alike. PHOTO: Akif Hamid

Resurrecting the Hawkeye: A Subaru WRX STI rebuild

7h | Wheels
Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

1d | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

2d | Mode

More Videos from TBS

Elected representatives will make all the reforms

Elected representatives will make all the reforms

10m | TBS Today
India admits to losing fighter jet

India admits to losing fighter jet

1h | TBS World
Israeli ban halts West Bank visit by foreign ministers of five Arab countries, including Saudi Arabia

Israeli ban halts West Bank visit by foreign ministers of five Arab countries, including Saudi Arabia

3h | TBS World
How did EXIM Bank manage to restore its image?

How did EXIM Bank manage to restore its image?

2h | TBS Programs
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net