All language subtitles for HistorysGreatest.Mysteries.S04E23.The.Lost.Gold.of.WWII.1080p.HULU.WEB-DL.AAC2.0.H264-WhiteHat_track3_[eng]

- Tonight, a fortune
worth hundreds of billions

of dollars plundered by
Japan during World War II.

- Artwork, priceless treasures,

a hundred billion or more
in gold and silver alone.

- It’s whereabouts
are still unknown

and shrouded in mystery.

- The Philippines is
7,000 plus islands.

You can’t think of a better
place to hide things.

- Now we explore
the top theories

about this infamous,
missing treasure.

- The United States government
would be very interested

in finding out
where this gold was.

- [Stephanie] These aren’t
just treasure hunters,

these are CIA agents.

- The Marcoses aren’t
really doing a great job

of trying to hide the fact

that they suddenly
have a bunch of money.

- In retrospect, how
did they get so rich?

Nobody was asking that question.

- What really happened to the
lost gold of World War II?

(suspenseful music)

It’s the spring of 1942,

just a few months
after Pearl Harbor.

War is raging in the Pacific.

Japan’s vast empire
stretches from Manchuria

through Southeast Asia

all the way to the
Solomon Islands,

and in every
territory it conquers,

Japanese forces seize a fortune.

- The Japanese are actually
meticulous in their ability

to extract wealth and
they do so at every level.

So not only will they go after
things like national banks

and depositories of gold
bullion and silver bars,

but they will also
raid individual houses

to amass enormous
stockpiles of jewelry

and other symbols
of wealth and value.

- Think about the
entire national treasure

of 13 countries.

This is a lot of
value, a lot of money.

The value of what’s estimated
that the Japanese looted

is between 60 and a
100 billion dollars

in 1945 dollars.

You know what that
translates to?

Between three and
$5 trillion today.

- [Laurence] In March of 1942,
Japan has another conquest

in its sites, the US
territory of the Philippines.

- The Japanese going to
very quickly sweep south

toward the capital of Manila.

There they’re going
to run into elements

of the United States army
that’s been in placed

under Douglas MacArthur to
try to halt their advance.

But before that happens,

MacArthur and his
headquarters team are ordered

by President Roosevelt to
withdraw from the Philippines.

- So the Philippines
will fall in 1942

and MacArthur will
have to evacuate.

So he will leave
the Philippines.

He makes his sort
of famous promise.

I will return, I will be back,

back to help you
against the Japanese.

- In some ways, the Philippines
is the perfect place

for the Japanese to
amass a lot of the loot

that they’re pulling off
of the mainland of Asia.

And that’s because
the Philippines

is an island location.

It’s a very easy
transshipment point.

There’s a lot of great
ports and harbors

and there’s no possibility
of an enemy overrunning

any of those storage depots.

And so what they’re gonna do
is they’re going to consolidate

the material that
they’re stealing

in a few specific locations

and then they’re
going to transship it

directly back to Japan.

- [Laurence] But by early
1943, a US submarine blockade

has cut off the sea routes
back to Japan’s home islands.

The Japanese hold onto
the Philippines, for now.

- There’s still this
hope among the Japanese

that the Philippines will
be one of the last things

that will kind of fall.

That they will continue to be
able to control that at least.

- [Laurence] By late 1944,
the tides of war are turning.

MacArthur makes good on
his promise to return

to the Philippines, arriving
with 200,000 troops.

His opponent, the
notorious Japanese General,

Tomoyuki Yamashita.

- Yamashita is one of
the great troubleshooters

of the Japanese army.

He’s widely perceived

as one of its greatest
field commanders.

His job is to both
enhance the defenses

and make it as
costly as possible

for any potential
American invasion.

- They called him
the Tiger of Malaya.

What a great name, from
his victory in Malaya.

And what better a man
to lead the defense

of the Philippines than him.

- [Laurence] According to
some, fighting off the allies,

wasn’t Yamashita’s only mission?

- Some historians do suggest

that it wasn’t just
winning the war or staying

and keeping hold
the Philippines,

it was also what to do
with all of this wealth

that he had accumulated.

- If they’re gonna
lose the Philippines,

they have to hide this
treasure somewhere

where they can come back
in the future for it.

- [Laurence] The
following summer,

after the US drops
two atomic bombs

on Hiroshima and Nagasaki,

Emperor Hirohito
finally surrenders

on August 15th, 1945.

But Yamashita and his
army take another 17 days

to surrender, holding out in
the mountains of Northern Luzon

leading some to ask what were
they doing during that time?

- According to
Sterling Seagrave,

an author who’s an
expert in this field,

a General Yamashita,
was working in cahoots

with an organization
called the Golden Lily.

Who was in the Golden Lily?

Military strategists,
economic experts,

members of the
Japanese royal family,

they had the job to
find, take and use,

and ultimately hide
all of this treasure.

So 1943, tons of gold and
treasure piling up in Manila

and Emperor Hirohito hires
his brother Prince Chichibu,

to head the Golden Lily and
to spearhead the operation

of securing the treasure.

- The Philippines is
7,000 plus islands.

You can’t think of a better
place to hide things.

Prince Chichibu arranged this
group to create locations

to place these
hundreds of tunnels.

- And you can’t do this alone.

You need thousands of laborers

and the Japanese
had plenty of them.

- They would build these
tunnels with allied forces.

They would use American
and Allied POWs

and they would use
enslaved Filipinos

to construct these tunnels.

- They were really complex
so they weren’t just a tunnel

underground, they
were just massive.

There were all kinds of
little kind of secret ways

and a lot of things
designed to throw off anyone

who might go underground who
might discover the tunnels.

- The defensive aspects
of Japanese tunnels

included booby traps and
these could take the form

of physical traps.

So pits with spikes
at the bottom of them.

Chemical weapon attacks, fragile
containers full of cyanide.

- They even used the water table

so that when people
would come in,

the water tables could rise

and the people in the
caves would drown.

Likely the last 17 days they
would seal these entrances

with concrete and then they’d
let the jungle take over.

- [Laurence] The story
of buried treasure

sounds like the stuff of myth,

but there’s at least
one witness who says

he survived the destruction
of one treasure tunnel.

- Decades later, a Filipino
civilian Ben Valmores

came forward, claimed
he had information.

- As a kid, at 14 he was
hired to be the valet

for Prince Takeda.

So Valmores claims he was
there when this massive tunnel

was built that was 225
feet below the ground.

And Yamashita says they
want to have a party

to celebrate the construction
of this massive tunnel

and he tells all the engineers
to go inside the tunnel.

At that time, Prince
Takeda calls Valmores out.

He says, "No, you’re
my valet come out.

You don’t get to
go to the party."

They blow this thing up.

Everyone dies inside.

So Prince Takeda saves Valmores,

who is the witness to
watching the Japanese kill

their own engineers again
to keep everything silent.

- The Japanese were really
interested in secrecy.

They wanted to preserve
what they had done,

making it off limits
knowledge-wise to the allies.

Anybody who knew about
this gold was gone.

- [Laurence]
According to Seagrave,

the loot is so cleverly hidden,

Golden Lily members will
need maps to find it again.

- Maps were produced in
blue for the engineers

who actually designed
the various vaults

throughout the Philippines.

And then maps were
designed in red

to tell people how to
find the treasure.

And these maps would have flags

that pointed in one direction
if they were to be read

in a mirror and in
the other direction

if they were to
be read normally.

- So even if you
can read this map

and you can find
where the vault is,

you could have the
map upside down.

You could have the map backwards

and realize that you go the
wrong place, you can die.

- [Laurence] The cartographers
supposedly draw up

several copies of the maps

which go only to the
highest ranking members

of the Golden Lily.

- The Golden Lily was
really counting on

keeping the Philippines
for the peace talks,

to allow ’em to go back
and get the treasure

to refund the imperialist army.

They didn’t get that.

So Japan has to keep
not only the treasure

in the Philippines now because
they can’t transport it,

they’ve gotta keep it secret.

- [Laurence] But did
Yamashita and his soldiers

really hide billions in gold?

- There are lots of maps to
this gold in the Philippines

that start cropping up, why?

’Cause everybody wants to
go hunting for treasure.

The question is,
are these maps real?

- Ben Valmores claims
that as Prince Takeda

prepared to leave Japan,

he approached him and gave him
a satchel that included maps

to 175 different treasure sites
throughout the Philippines.

- Takeda was on a
submarine fleeing,

and in case the submarine sunk,

he wanted someone to
know where the gold was.

- So Prince Takeda goes back,

he instructs Valmores to bury
these maps, these 40 maps,

and he does, he buries
them in his backyard.

Keep in mind that Prince
Takeda saved his life

when that tunnel was exploded,
he called him out of there.

And so maybe there’s a sense
of duty on Valmores’ part.

- It’s sort of weird,

you think if he got
these maps from Takeda

that maybe he would’ve
gone and dug one up

and gone and gotten some gold

and lived an immensely
luxurious life, no.

- [Laurence] Despite
allegedly being in possession

of so many of the
Golden Lily’s maps,

Valmores never seems
to profit from them.

- Publicly, Valmores
never found anything,

never became a rich man.

- But think about
it for a second.

If you have a map and
you find treasure,

are you gonna tell anyone?

I wouldn’t.

(suspenseful music)

(suspenseful music)

- [Laurence] It’s
the fall of 1945.

The Pacific War is over,

but the US maintains a
strong military presence

in the Philippines.

America’s prime mission
is to rebuild the country

and provide relief for
its suffering people.

But there are also
whispers of hidden gold.

- Think about this.

Estimates are that the value
of just the gold between 60

and a billion
dollars in 1945 money

that’s between three
and $5 trillion today.

- It’s a pretty history
altering amount of wealth,

if it does exist.

And it wouldn’t just be
Japan that would want it,

it might be other nations
who might be interested

in getting it as well.

- [Laurence] According to some,
President Truman is briefed

on the Golden Lily hoards
and orders the fortune

to be found and seized.

- There starts to be
rumors that again soldiers,

American soldiers know of
perhaps former Japanese soldiers

or people who knew
Japanese soldiers

who had heard about
Yamashita’s wealth

and they know someone who
knows where to look for it.

- [Laurence] According
to this theory,

Japanese officers
looking for leniency

begin sharing information

about the Golden Lily’s
top secret operation.

That doesn’t mean
they know exactly

where the treasure
filled tunnels are,

but apparently there’s
one prisoner who might.

- The person that
has the information,

most information is Yamashita,
who they have in custody.

He is in prison in Manila.

How do you get that
information from him?

You can’t torture him,
it’d be a war crime.

So US is trying to
think what they can do

to get this information.

Yamashita will never give
it up because in his eyes,

this is the future
of imperial Japan.

- [Laurence] But Yamashita’s
driver, Major Kojima Kashii

is a much easier target.

- Yamashita’s driver finds
himself in a small dark cell

being interviewed by a
couple of OSS operatives,

the precursor to the CIA.

It wasn’t a good day for him.

- According to Seagrave’s
notorious American spook

Edward Lansdale and a

Filipino National by the name of

Santa Romana, who is referred to

generally as Santy,

were the people
who were involved

in the torture of
Yamashita’s driver.

- So the driver
cracks, big surprise.

What’s he do?

He leads Santy and
Lansdale to a dozen or so

of the more easily
accessible treasure troves.

What do they find?

Gold bars, platinum bars,
diamonds, gold Buddhas.

They not literally, but
figuratively find Fort Knox.

- [Laurence] While Santy
and his team are supposedly

breaking open more vaults,

Lansdale flies to Washington
to brief President Truman

about the find.

- Truman consults
with his cabinet

and makes a really
pivotal decision.

He says like, we
are gonna keep this.

We are gonna keep all of this,

but we’ve got to
keep it under wraps.

- You’re looking
ahead to a cold war

that the US is
gonna be engaged in.

And the fear of communist
domination was at a fever pitch.

Pragmatic approach is to say
we have access to these funds,

we can keep off the books to
advance US democratic interests

around the world.

And why would we give that up?

- To use this wealth, you
have to keep it a secret.

And what does that mean?

It means silencing Yamashita.

- [Laurence] On
October 29th, 1945,

an American military
tribunal in Manila

begins presenting its case
against General Yamashita

for war crimes relating to his
campaign in the Philippines.

It’s a controversial move.

- So you think about how long
these tribunals usually take.

You think about like the
Nazis that were brought up

on trial.

It takes a long time.

Sometimes it takes decades.

Yamashita’s trial is run
through very, very fast.

- [Laurence] Yamashita, once
Japan’s outstanding general

takes the stand.

Before him witnesses have
presented harrowing evidence

of atrocities committed
under his command.

- The big question is what’s
Yamashita’s guilty of?

Yes, he was a Japanese general,

but he is not on record
ordering the death of,

for example, American POWs.

- Yamashita himself
says he was not aware of

half the stuff
he was charged with.

In his position and with the
number of troops he oversaw,

he couldn’t have been.

- [Laurence] On
December 7th, 1945,

the four year anniversary
of Pearl Harbor,

they deliver their verdict.

- The commission finds
you guilty as charged

and sentences you
to death by hanging.

- Yamashita is really
the first commander

to be held
responsible for things

that his men commit
without him knowing it.

And that feeds into this
idea of why the execution?

Well, if the government
does want the money,

you wanna keep him quiet

and that’s how and
why he is executed.

- [Laurence] The notorious
general is hanged

on February 23rd, 1946.

Whatever secrets he’s
hiding about buried gold,

go to his grave with him.

- What happens to the
wealth that supposedly

as historians
claim was collected

by the United States government?

Well it has to go somewhere.

And that’s this secret
banking society,

this secret wealth container
system, the Black Eagle Trust.

- And according
to the Seagraves,

this is a trust which
now houses all the funds

of the loot seized
from Yamashita,

but also all the loots
seized from the Nazis.

And it wasn’t
until decades later

that a former deputy
director of the CIA Ray Cline

admits to Seagraves
that this money

was put into 176 different
banks spanning 42 countries.

Now a lot of historians
will sort of question that idea.

Was there really a
Black Eagle Trust?

Is this a conspiracy theory?

But the reality is that when
Santy, Santa Romana died,

he left hundreds of
millions of dollars.

- Some historians say it
was because he had access

to the looted Yamashita Gold

for his role that he was able
to play in uncovering it.

If you wanna
question this theory

or think about how
truthful this is,

one question would be, well,

why does the United States
care about keeping this secret?

One explanation could be
all of the logistic trouble

that we would have to
go through in admitting

that this stuff came
from victims of war.

- This is the fruit
of the poison tree.

I didn’t steal the money,
but it’s stolen money.

You’re responsible and
you’re accountable.

So that’s why the US government
would probably want to keep

the existence of these
billions and billions

and billions of
dollars, a state secret.

It begs a very
tantalizing question.

If the US government got their
hand on billions of dollars

from 12 sites, what
happened to the other 163?

So what does that mean?

Billions of dollars today,

trillions of dollars could
be sitting hidden in caves

throughout the Philippines
waiting to be discovered.

(suspenseful music)

- [Laurence] If in fact
hundreds of millions of dollars

in treasure was buried in
tunnels in the Philippines

during the end of World War II,

then where did it go?

Was it handed to a secret
government slush fund

as some believe or did
it end up somewhere else.

- Decades after the war,

one of the most infamous
dictators in world history

in the 20th century, he
becomes part of the story.

- [Laurence] It’s 1986
and the eyes of the world

are on the Philippines.

As notorious dictator
Ferdinand Marcos is overthrown

in a popular uprising.

- There’s a lot of complaints
living under a dictator,

but living under the Marcoses
has a very specific complaint.

While the Filipinos are
living in abject poverty,

Ferdinand Marcos and his wife,

they’re living in
the lap of luxury.

- I vividly remember
being a kid in the 1980s

and reading about these million
dollar shoe shopping sprees

that Imelda Marcos went on.

- The Marcos aren’t just rich,

they’re significantly wealthier
than most of the country.

And the way they spend money
is in complete contrast

to the way that most
Filipinos are living

after World War II
in the Philippines.

- There’s the one story that
they went to Rome on vacation

and on the way back they
had to turn the plane around

because Imelda
Marcos had forgotten

that she wanted to buy a
particular kind of cheese.

- The Marcoses aren’t
really doing a great job

of trying to hide the fact

that they suddenly
have a bunch of money.

The good only question comes,

where’s that money coming from?

It’s obviously not from
his government salary.

- [Laurence] There are
accusations that Marcos

and his cronies embezzled
upwards of $10 billion

from the Philippines treasury.

But is there more to this story?

Could their wealth in fact
come from another source?

- So if the Marcos are in
charge of the Philippines,

then they have such vast
power in the Philippines.

One explanation could be,
were the Marcos are drawing

from Yamashita’s gold.

- [Laurence] If that’s the
case, it all begs the question,

how did the Marcoses get their
hands on Yamashita’s gold?

The Marcos chapter of the
lost gold saga

really begins in 1961,

with the 17 year old
boy named Rogelio Roger Roxas.

- Enter Rogelio Roxas,

who is born towards the end
of the war in the Philippines.

And keep in mind the Philippines
is an impoverished country.

Roxas is born into poverty,

but he’s also born into
the legend of this gold.

- And he meets this Japanese
man who claims to know

from a Japanese soldier where
Yamashita’s gold is located.

So he claims to know of a
site of one of these tunnels.

He has a map and he
knows where it is.

- If he’s interpreting
this map correctly,

it says that one of
the Golden Lily vaults

is actually very close to
his hometown of Baguio.

In fact, right by the hospital.

Roxas thinks he’s
actually onto something.

- [Laurence] In early 1970,

Roxas gets a permit from a
local judge to begin excavation.

That judge’s name
is P.O. Marcos.

- Roxas didn’t really
make the connection,

but the judge that grants the
excavating permit to Roxas

is actually connected
to the Marcos family.

So he is part of, you know,
this vast network of Marcos.

It connects Roxas to Marcos
and to Yamashita’s gold.

So now Yamashita’s Gold is
part of the Marcos story.

- [Laurence] In May of 1970,

Roxas and his team
start hacking away

through dense vegetation
near the hospital.

- So after two months
they find a cave.

While the bad news is about a
hundred yards inside the cave,

it’s caved in and it appears
to have been dynamited shut.

What does that mean?

They’re gonna have
to tunnel around it.

- [Laurence] Weeks go by, the
men are running out of money.

- Treasure hunting,
it’s like gambling.

You’re sitting at
a roulette wheel

and you just can’t get up.

It’s that last spade of dirt.

It’s that last pass
with the metal detector

and that’s like Roxas.

They’re about to quit and
Roxas decides to give it

one last look with
his metal detector.

And (makes buzzing sound),

the metal detector
senses something.

- Full of adrenaline, they
start digging and digging.

They break through, they find,

you know a whole
chamber underneath them.

- And they look down and
what do they see inside?

28 inch tall, golden
Buddha, Burmese style.

They’ve hit the jackpot.

- The thing weighs a ton.

It’s only this big.

They get it up and
they bring it back

and he stores it in his closet

because they want to
get back to excavating

and digging more.

- [Laurence] That’s
when Roxas claims

to have bound another chamber,

crammed with wooden boxes
from floor to ceiling.

- He opens one of the
boxes, inside gold bars.

And if Roxas is
telling the truth,

this is a massive
quantity of treasure.

It’s a mind blowing experience.

It’s like something out
of an Indiana Jones movie.

This is too much gold
to move in a day.

They’re gonna go
home, sell the Buddha

and use the money
to hire more workers

and get more personnel.

Go back up in the cave and
get the rest of the gold.

And Roxas of course
wants to celebrate.

He has his brother
take a picture of him

next to the Buddha.

- We’ve got this picture
of the one thing of Roxas

with this golden Buddha and
a prospective buyer comes

and looks at it, test the gold

and finds it is
actually 22 karat.

- [Laurence] The mysterious
buyer offers Roxas a $160,000

for the Buddha.

Roxas says, he’ll
think about it.

- And as he’s thinking about it,

he’s looking at this
Buddha and he notices

what just imperceptively
looks like a fine liner

on the neck of the Buddha.

So he takes this and he looks
at it and he starts to strike.

It takes a fricking wooden stick

and he starts hitting this
thing until it comes loose,

removes the head and inside
are handfuls of diamonds,

cut and uncut.

- Is all that glitters in
the Philippines really gold?

More than 20 years after
the Japanese Imperial Army

surrenders the islands,

Rogelio Roxas digs up
what appears to be part

of Yamashita’s
legendary treasure.

But just as Roxas is
celebrating his find,

the tale of the lost gold
takes another dramatic twist.

- April 5th, 1971, 2:30 am and
there’s a knock at the door.

Bad thing in the
Philippines, opens the door,

it’s the police.

They come in, they arrest
Roxas, they seize the statue,

they later put him in jail.

But guess who is there?

The buyer and Roxas knows
what’s going on, why?

Because on the rifles there
are these little red ribbons

and that means palace
guard, Ferdinand Marcos,

who knows who’s behind this.

(dramatic music)

- And if you go back and realize
that the permit originally

came from P.O. Marcos who was
related to Ferdinand Marcos,

connect the dots and you realize

that’s where their
information came,

then Marcos probably
sent that buyer

to make sure it was legit.

Then the palace guards come
and confiscate and arrest him.

- [Laurence] Outraged,
Roxas goes to the police

and the media with his story.

It’s not long before
the word spreads

of his treatment by Marcos.

- When the Buddha
is stolen from him,

this is really heartbreaking.

Again, it’s not just
about the money,

but what it meant to him and
what it meant for being able

to continue to
search for the truth.

- Everyone knows about
Roxas and this Buddha.

And so there’s this
enormous public outcry

when this happens ’cause
he’s sort of a folk hero

and Marcos decides
to return the Buddha.

But the Buddha that’s returned
isn’t the same Buddha.

Buddha that returned
isn’t made of gold,

it’s made of bronze.

The head is stuck on.

It’s just not the same
Buddha that gives this like

copycat Buddha to
try to appease the public.

- [Laurence] When
Roxas speaks out,

he’s arrested and spends
the next two years in jail.

- The guards then torture
Roxas and all of his teammates.

Roxas supposedly never
breaks, which makes sense,

being that driven as
a treasure hunter.

You’re not gonna break,
that’s your life’s goal.

But apparently one
of his team breaks

and gives up the location.

- [Laurence] After Roxas
is released from prison

on November 19th,
1974, he finds soldiers

standing outside tents near
the Baguio General Hospital.

- And the hospital staff later
actually remembers seeing

and they’ve reported seeing
soldiers come out of the cave

behind the hospital,
carrying wooden crates

and putting them
in military trucks.

They didn’t have to
guess what was inside,

’cause some of these
boxes they were rotten

and they broke up and now
they’re being carried.

And what falls out, gold bars
the size of cigarette boxes.

- To give you an
extent of how much gold

we’re talking about, it’s 10
boxes a day going up every day

for a year.

- [Laurence] Roxas is
certain Marcos’s soldiers

have found his tunnel
and stolen his treasure,

but there’s nothing he can
do, at least not for now.

Meanwhile, Ferdinand
Marcos is on the hunt

for even more
Golden Lily vaults.

- Fast forward not
long after this,

Marcos allegedly gets his
hand on something else.

Not more treasure, but a
full set of Golden Lily maps.

So, remember those maps that
Valmores had 10, 15 years ago?

Maybe the same maps.

- [Laurence] Allegedly
Marcos uses these maps

to successfully excavate
five more tunnel complexes

piled high with dizzying
amounts of gold and jewels.

- Ferdinand and Imelda
constantly spend money

and they do it
with wild a abandon

if it is connected
to this hoard.

Well that goes back to this idea

of whose money are
they actually spending.

They’re not spending just
Japanese captured goods,

they’re spending goods that
belong to all different people

across the Pacific.

- So if Marcos is
gonna make this work,

he’s gotta make this gold
appear like it didn’t come

from the Japanese, stolen
from other countries.

So Marcos hires a mining expert

and a metallurgist
named Robert Curtis.

- The theory is that
one of the things

that Robert Curtis was
able to do for Marcos

is to doctor the
gold or make it seem

through playing around
with the properties

that it did actually
come from the Philippines

and didn’t come
from someplace else

and wasn’t captured and
brought to the Philippines.

- [Laurence] But in 1986,
Marcos’s plans change

when over a million
Filipinos take to the streets

to protest his corrupt regime.

On February 26th, 1986,

the Marcos family flees
the Philippines undercover

of darkness and having
been granted asylum

by President Reagan
take up a life of exile

in Honolulu, Hawaii.

- But when the Marcos flee,

they leave behind
a lot of mystery.

There’s a lot of questions
about what happened to

you know the rest of
Yamashita’s hoard.

Is it still there?

And that’s something
that fuels Roxas.

- Roxas is trying to
figure out what he can do.

He’s not gonna
get the gold back.

He decides to turn to the
law and he files a civil suit

in Hawaii against the Marcoses

and the suit goes through
the courts for years

and years and years.

It takes forever.

- [Laurence] Meanwhile, Roxas’s
lawsuit against the Marcoses

takes another turn.

- The suit’s still going on.

Roxas dies in a fairly
suspicious manner.

- Official cause of
death is tuberculosis.

But there are questions
about how is it that he died.

- According to his family,

he never had any signs of
symptoms of tuberculosis.

- [Laurence] But
despite his death,

Roxas has one trump
card still left to play.

In 1993, the court hears Bob
Curtis’s sworn testimony.

- [Speaker] Can you raise
your right hand to be sworn.

Do you solemnly swear the
testimony you’re about to give

is constantly the
truth, so help you God.

- I do.

- [Speaker 2] Your name
again on the record please.

- Robert H. Curtis.

- [Laurence] Bob Curtis
claims he was hired by Marcos

to launder Yamashita’s gold.

He testifies to seeing another
item in Marcos’s possession,

a solid gold Buddha
with a removable head.

The very same golden Buddha
Roxas is photographed with.

Curtis’s testimony
helps the court

to come to a final decision.

In 1996, the court awards
the Roxas estate damages

of $22 billion.

The largest civil
settlement in history.

- 20 billion is a lot of money.

This was what the treasure
was worth from that one vault

that he found.

There were 175 vaults.

But even more important from
like a history perspective,

it’s not about the money,

it’s the that a court of
law actually validated

that the existence
of these vaults,

that these things were real,
that Yamashita did bury these,

and that this legend is
actually based in fact.

- [Laurence] It was
a hard fought victory

for the Roxas family, but
a largely symbolic one.

Despite Bob Curtis’s testimony,

the Marcos fortune is still
caught up in legal wrangling.

The Roxas family has
yet to see a penny

and the mystery of Japan’s
lost gold still lingers.

- Now this just gives
even more sort of proof

if you subscribe to this
theory of Yamashita’s hoard

that there’s more
to be discovered.

- [Laurence] Some people
are convinced whatever gold

the Japanese may have
hidden in the Philippines

was cleaned out by
Ferdinand Marcos.

- There’s another theory,

the Marcos regime just
pretended to find gold

so they could cover their
tracks for embezzlement.

- [Laurence] But others think
there’s reason to believe

that some Japanese
gold remained hidden

in the Philippine jungle
through the late 1980s.

It’s the promise of this gold
that brings retired US Army

General Jack Sinlaub
to the Philippines.

- So Jack is a retiree and
an amateur fortune hunter.

That’s what he says.

And the US Embassy,
they back up his claim,

they paint him to the local
media, just a hobbyist.

But no one believes this

because in addition to being
a rabid anti-communist,

he also happens to be one
of the founders of the CIA.

- Jack Sinlaub forms his own
treasure hunting organization

that he calls Nippon Star.

And his objective is to
go to the Philippines

and potentially take
advantage of information

he already knew about these
possible treasure troves.

- One of his associates,
Alan Foringer,

he’s the acting CIA head
at the embassy in Manila.

- And so there’s this idea

that these aren’t
just treasure hunters,

these are CIA agents
operating as part of a deeper,

darker, or more secret mission.

(dramatic music)

- [Laurence] According
to this theory,

Jack Sinlaub decides Nippon
Star needs to recruit someone

with proven insider information.

- All they need to
know is where to dig

and who has that information.

They know one guy who’s
got it, Bob Curtis.

- Bob Curtis is the metallurgist

that worked with
Ferdinand Marcos,

essentially to not only
decode Japanese maps

that were in
Marcos’s possession,

but also then to
effectively money launder

any loot that was discovered.

Bob Curtis saw himself
as an American patriot.

And according to one
version of the story,

President Reagan himself had
endorsed Sinlaub’s efforts

to recover stolen loot that
the Japanese had hidden

in the Philippines.

- [Laurence] With
all their expertise

and alleged deep pockets,
Jack Sinlaub’s team

should be well placed to
find Yamashita’s gold.

But their search for the
treasure doesn’t go to plan.

- Publicly, Nippon Star
is a, is an abject failure

throughout the 1980s.

There are a whole host of media
stories about their efforts

to uncover buried treasure
and their failures

to be successful
in those endeavors.

Is it possible that they
actually recovered treasure

and put out a cover story

that suggested that
they’d been a failure?

Of course, Curtis
claims he was inspired

to give his all towards these
treasure hunting efforts

because any treasure
recovered might be used

as a private funding
source for defense

and intelligence initiatives
on behalf of the United States.

- [Laurence] As Foringer
wrote in a letter to Curtis,

those initiatives included
the private funding

of defense projects
like the B-1 Bomber,

MX Missile and Ronald
Reagan’s Star Wars program.

- He appears to
have been convinced

that these private funding
sources might create

so-called black budget programs

that would protect the United
States from Soviet aggression.

- This money, if they find
the Golden Lily treasure

is going to be used to establish
a new arch conservative,

military industrial complex
controlled by the United States.

- [Laurence] But by 1990,
the pressure is growing

on Nippon Star.

And there are rumors
of Soviet agents

listening in on
their communications.

- While Foringer’s
vacationing in Hawaii,

he’s at the beach and
a passerby walks by

and something nicks his leg.

Within a day, he’s
in the hospital

suffering from
mysterious ailments.

And although he pulls through,

after returning to his
apartment in the Philippines,

the usually healthy 37 year
old begins having seizures

and his heart gives
out and he dies

under mysterious circumstances.

- You gotta ask, was Foringer’s
worked with Nippon Star?

Is there a connection
to his death?

You gotta ask the question.

Maybe that put a
target on his back.

- [Laurence] Despite
Foringer’s death,

no gold is ever officially
found by Nippon Star.

- Conspiracy theories
love unexplained deaths,

particularly to individuals
that are getting close

to the answers.

And we’ll often link
those deaths together

to suggest they’re part
of a bigger pattern.

Oftentimes humans die
for unknown causes.

Sometimes it really
is just an accident.

- [Laurence] Since the
end of World War II,

the legend of Japan’s lost gold
has captured the imagination

of treasure hunters worldwide.

But as the decades have passed
without new discoveries,

some question if the
treasure ever existed,

and if yes will
more ever be found?

- We do know, we’ve got
one great photo of Roxas

with that Buddha,

and after 80 plus years of
searching for that treasure,

that is the only real
proof that we have.

- Like a lot of theories,

there are certain key
points that you can see

or that you know are real.

And so with Yamashita’s hoard,

we certainly know that
the Japanese plundered.

- They stole tens of
billions of dollars.

The Japanese
conquered the Pacific,

they plungered like
there was no tomorrow.

They brought the wealth
back to the Philippines.

- There certainly was
looting in the Philippines

just like there was
looting by the Japanese

in really anywhere
that they went.

That is a fact.

- But there’s no
photos of vaults,

there’s no records of how much
gold was brought into Manila.

- Probably the
diamond filled Buddha

is a spoil of the
Japanese looting,

but maybe it’s more of a one-off

than the tip of the iceberg.

Maybe this was just one
tunnel that was filled

and we found it

and maybe there isn’t
this vast network

that was part of
the Golden Lily.

- [Laurence] Some also
point to logistical concerns

around Yamashita’s last
days during World War II

to question the extent
of the legendary treasure

he supposedly buried.

- If you think about just
how much gold was purported

to have existed, how
heavy and how much it was,

the logistical requirements
to move that kind of wealth

would’ve been not only
one of their main tasks,

it would’ve been the only
thing that they could do.

(suspenseful music)

I think one of the real
treasures in the Philippines

is that millions of dollars
spent on the local economy,

fortune hunting and
treasure hunting.

- Treasure hunters are
drawn to the Philippines

and the Philippines,
from my experience,

seemed quite easy
to embrace them,

comfortable embracing them
and trying to send them

to these sites.

And again, I think it’s,
from what I’ve seen,

it’s people who
really believe that

you can find these things
buried on the island.

- A lot of these legends
that sort of become folklore

that stay because they
become part of our history

and part of our culture and
the Filipino people like

are immensely proud people.

And in many ways they’re very,
very attached to this idea

that this could exist
and it could be here.

So it in many ways lives because
of the people themselves.

- Treasure in the
Philippine jungle,

it’s a story that never dies.

Just when you think it’s over,
it comes right back to life.

- [Laurence] Over the course
of one weekend in 2017,

a video is uploaded to YouTube.

It quickly gains hundreds
of thousands of views.

In a submerged cave
in the Philippines,

what appears to be gold bars.

- They were really
dirty and muddy,

but became this
internet sensation

where people found
them and all of a sudden

the Yamashita’s gold
legend comes back.

Maybe this is really happening.

That stokes the fire again and
makes that legend continue.

- Is there a connection
to Yamashita’s gold?

Maybe and a lot of viewers
like me, they remain skeptical.

Maybe they just want views.

It definitely warrants
further investigation.

- Now you have a lot of
amateur treasure hunters

who can upload videos.

They can upload what they claim
is proof of what they found.

And going back to Roxas
and his Buddha’s statue,

that’s something
that people can see.

And when you can see something,

it makes it a little
bit more real.

The fact that it does
still spark interest,

I think is something
that it’s still creating

the conversation.

And as long as there’s a
conversation around it,

it’ll never die.

- I have no doubt that
treasure went into the ground.

What I believe today is
that whatever is left there

is going to be
incredibly hard to find.

And based upon the stories
that we know about the way

that these places
are booby trapped

and trying to seek this treasure

would be incredibly dangerous.

And you know, I mean a
billion dollars worth of gold

would be really nifty to have,

but it’s also nice to be alive.

- We never run out of
treasure hunters

and people never stop dreaming
for being the one person

that’s gonna find this
thing, to be the next Roxas.

To find that next Buddha
and to pop open the head

and find diamonds.

Every treasure
hunter wants that.

And so that legend’s
never gonna diminish.

- For 80 years the lure
of Japan’s lost gold

has mesmerized world
leaders and commoners alike.

We won’t know the full truth
about this legendary treasure

until someone
finally strikes gold.

But with such a dazzling
fortune still on the line,

there is one certainty.

No one’s laying down their
treasure maps anytime soon.

I’m Laurence Fishburne.

Thank you for watching,
History’s Greatest Mysteries.