Even though they have put down thousands of dollars, the buyers often stop paying on their claims part way through the process after they realize they’ve been duped, but the company just sells it again to another buyer.

On our last trip, we brought ropes and went down the first waterfall forty vertical feet, only to be confronted by a second, sixty-foot-high, overhanging waterfall that emptied into a slot canyon.

It’s been seven years since Forrest Fenn announced the existence of the buried treasure, said to be worth nearly $2 million. It has prompted thousands to comb areas of New Mexico, Yellowstone National Park and elsewhere.