Florida
Gold coins stolen from centuries-old Spanish convoy in $1M heist recovered by Florida authorities
Florida authorities recovered a collection of gold coins from an 18th-century Spanish convoy that was stolen in 2015.
The 37 gold coins were snatched from the 1715 Spanish Treasure Fleet and have a total value of $1 million, according to a Florida Fish and Wildlife Conservation Commission press release.
The 1715 Fleet was a combination of two different groups of Spanish ships, all under one command, heading back to Spain following a successful round of treasure hunting. The fleet fell victim to a hurricane and crashed somewhere off the coast of Florida. Their spoils, including the coins, all sank to the bottom of the ocean.
Exactly 300 years later, 101 gold coins were recovered in 2015 by the Schmitt family off of Florida’s aptly named Treasure Coast. The family worked specifically to recover treasure from the Spanish fleet, even naming their LLC the 1715 Fleet – Queens Jewels.
However, only 51 of the coins were recorded, leaving the other 50 in limbo.
“While 51 of these coins were reported correctly and adjudicated, 50 coins were not disclosed and were subsequently stolen,” the FWC wrote.
The robbery sparked an FBI investigation into Eric Schmitt, one of the family members responsible for the discovery. The probe specifically looked into “the illegal sale of multiple stolen gold coins between 2023 and 2024.”
“Investigators executed multiple search warrants, recovering coins from private residences, safe deposit boxes and auctions,” the press release noted.
Conservation Commission, displayed on a table. Florida Fish and Wildlife Conservation Commission
“Five stolen coins were reclaimed from a Florida-based auctioneer, who unknowingly purchased them from Eric Schmitt.”
Schmitt had also apparently taken three of the gold coins that he didn’t report and tossed them back into the ocean “to be found by the new investors of 1715 Fleet – Queens Jewels, LLC.”
Even so, 13 of the coins are still missing. The FWC wrote that finding 37 of them “marks a major milestone in a long-standing investigation into the theft and illegal trafficking of these priceless historical artifacts.”
Florida
Gas prices rise in South Florida amid U.S. and Israel’s conflict with Iran, as the stock market also reports a dip
Four days into the Iranian conflict, gas prices are rising at many stations in South Florida.
“I’ve traveled all over the United States,” says Stacey Williams. CBS Miami spoke to him as he was gassing up on the turnpike. He paid $66 for 20 gallons of diesel to fill his pickup truck. Williams has noted the fluctuations in fuel as he drives to locations for his work on turbines. He just spent three weeks at the Turkey Point Nuclear Power Plant south of Miami.
“The salary we get paid per hour does not add up to what we pay for gas, housing, and food,” he says.
Mitchell Gershon is also dealing with the higher gas prices. He has to fill three vehicles constantly for his business—Thrifty Gypsy, a pop-up store at musical venues. He’s back and forth from Orlando to Miami and says fuel is costing him 20% more. When asked how he handles these fluctuations, he said, “Have a little backup cash so you are ready for it.”
The rise in oil prices contributed to a drop in the stock market on Tuesday, which means some retirement accounts dipped, too. CBS Miami talked to Chad NeSmith, director of investments at Tobias Financial Advisors in Plantation, for perspective on the drop.
“We are seeing most of the pullback today. Yesterday was a shock,” he says. He’s not expecting runaway oil prices but says investors should stay in the loop: “Pay attention to your portfolio. Stick to your goals. Have a plan because these things are completely unpredictable.”
That unpredictability has Williams adjusting his budget. “You just cut back, cut corners, all you can do,” he says.
STARKE, Fla. (AP) — A man convicted of fatally shooting a police officer with his own service weapon during a traffic stop is set to be executed Tuesday evening in Florida.
Billy Leon Kearse, 53, is scheduled to receive a three-drug injection starting at 6 p.m. at Florida State Prison near Starke. Kearse was initially sentenced to death in 1991 after being convicted of first-degree murder and robbery with a firearm.
The Florida Supreme Court found that the trial court failed to give jurors certain information about aggravating circumstances and ordered a new sentencing. Kearse was resentenced to death in 1997.
Kearse awoke at 6:30 a.m. He declined a last meal and has remained compliant throughout the day, corrections spokesman Jordan Kirkland said during a news conference. Kearse met with a spiritual adviser during the day but had no other visitors.
This is Florida’s third execution scheduled for 2026, following a record 19 executions last year. Republican Gov. Ron DeSantis oversaw more executions in a single year in 2025 than any other Florida governor since the death penalty was reinstated in 1976. The highest number before then was eight executions in both 1984 and 2014, under former governors Bob Graham and Rick Scott, respectively.
According to court records, Fort Pierce Police Officer Danny Parrish pulled over Kearse for driving the wrong way on a one-way street in January 1991. When Kearse couldn’t produce a valid driver’s license, Parrish ordered Kearse out of his vehicle and attempted to handcuff him.
A struggle ensued, and Kearse grabbed Parrish’s firearm, prosecutors said. Kearse fired 14 times, striking the officer nine times in the body and four times in his body armor. A nearby taxi driver heard the shots and used Parrish’s radio to call for help.
Parrish was rushed to a nearby hospital, where he died from the gunshot wounds, officials said. Meanwhile, police used license plate information that Parrish had called in before approaching Kearse to identify the attacker’s vehicle and home address, where Kearse was arrested.
Last week, the Florida Supreme Court denied appeals filed by Kearse. His attorneys had argued that he was unconstitutionally deprived of a fair penalty phase and that his intellectual disability makes his execution unconstitutional.
The U.S. Supreme Court rejected Kearse’s final appeals Tuesday afternoon without comment.
A total of 47 people were executed in the U.S. in 2025. Florida led the way with a flurry of death warrants signed by DeSantis, far outpacing Alabama, South Carolina and Texas which each held five executions.
Besides the two Florida executions this year, Texas and Oklahoma have each executed one person so far.
Two more Florida executions have already been scheduled for this month. Michael Lee King, 54, is scheduled to die on March 17, and the execution of James Aren Duckett, 68, is set for March 31.
All Florida executions are carried out via lethal injection using a sedative, a paralytic and a drug that stops the heart, according to the Department of Corrections.
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