Treasure was found on OI in the initial dig back in 1790's. They found 3 treasure chests and divided them equally between the 3 boys (Daniel McGinnis, John Smith and Anthony Vaughn) who dug the pit.
Therefore, in order to hide this information from the public, a non-disclosure agreement was made with the family. But after much on-line research I found an article that confirmed the treasure was in fact found and, as an Admin, presented it to the OI FB page, of which the story was authenticated. You might remember the episode of the McGinnis ancestor who had in possession a hand hammered gold cross dated back to 15th Century made in Germany? That article was later removed from the internet.
My opinion is that there is no solid evidence to prove that any more treasure really exists. All the families were sworn to secrecy of the 3 treasure chests found. To keep this secret hidden, they kept the dig going like they hadn't found anything. Therefore, in my opinion, any further digs were done to conceal the treasure find as well as prop up the value of the property on OI so they could acquire financing from investors. And this cover-up or "HOAX" continues today for the same reason. I believe the brothers might have gotten duped.
Is this a 234 year old "wild goose chase" for treasure that doesn't exist? Just look at the many excavations done over these years as well as the current holes dug so far by the Lagina's over 10-11 years of which all have not produced one single gold or silver coin.
Also, we hear conflicting stories of an "Offset Chamber" and the "Chappel vault". So, which is it? Is it just another way to dupe the public and investors into believing that no treasure had ever been found on OI when in fact there was and its now gone?