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Jack Stuef (left) and Forrest Fenn (right) examining the treasure after its discovery in Wyoming last June
Jack Stuef (left) and Forrest Fenn (right) examining the treasure after its discovery in Wyoming last June
Jack Stuef (left) and Forrest Fenn (right) examining the treasure after its discovery in Wyoming last June

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The Man Who Found Forrest Fenn’s Treasure

The decade-long hunt captured the world's attention, but when it finally ended in June, everyone still wanted to know: Who had solved the mystery? This week, as legal proceedings threaten his anonymity, a 32-year-old medical student is ready to go on the record.

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It took two months of correspondence听before the man who found Forrest Fenn鈥檚 treasure told听me his name.

We鈥檇 been emailing since September, and I honestly didn鈥檛 expect to ever know who he really was. I was fine with that; as a fellow treasure hunter, I completely understood his desire for anonymity.

Since 2017, I had been pursuing Fenn鈥檚 treasure, too, becoming a kinda-sorta searcher in order to tell the story of Fenn鈥檚 hunt in my upcoming book , to be published by Knopf in June. I鈥檇 been in the trenches, read Fenn鈥檚 over and over, ended up in places I probably shouldn鈥檛 have been, and gone to places where other people died trying to find it.

A decade ago, Fenn hid his treasure chest, containing gold and other valuables estimated to be worth at least a million dollars, somewhere in the Rocky Mountains. Not long after, he published a memoir called , which included a mysterious 24-line poem that, if solved, would lead searchers to the treasure. Fenn had suggested that the loot was secreted away at the place where he had envisioned lying down to die, back when he鈥檇 believed a 1988 cancer diagnosis was terminal. Since the hunt began in 2010, many thousands of searchers had gone out in pursuit鈥斺攁nd the chase became an international story.

So many people had invested and sacrificed so much in pursuit of Fenn鈥檚 treasure that it was possible the finder would face threats, be they legal or physical, from people who resented them or wished them ill.

And that was exactly what was beginning to play out.

This past June, Fenn announced that the treasure had been found by a man from 鈥渂ack east鈥 who wanted to remain anonymous鈥攅ven, once we were in contact, to me. So despite exchanging dozens of emails with the finder, and discussing the details of the chest and what locating it meant to him, I never pressed him about who he was, and he never volunteered.

Last week, he told me the situation had changed. Fenn had been targeted by lawsuits both before and after the chest was found, by hunters claiming that the treasure was rightfully theirs. One of the lawsuits, filed immediately after Fenn announced the hunt was over, also targets the unknown finder as a defendant, claiming that he had stolen the plaintiff鈥檚 solve and used it to find the chest. That litigation had advanced to a procedural stage during which the finder expected his name would likely come out in court. So while he remained guarded about his solve and the location where he discovered the treasure, he now didn鈥檛 mind telling me who he really was.

And that鈥檚 when I learned that a 32-year-old Michigan native and medical student was the person who had finally solved Fenn鈥檚 poem. His name is Jack Stuef.


Stuef first heard about Fenn鈥檚 chase on Twitter in early 2018, and couldn鈥檛 believe it had escaped his notice for eight whole years. He was instantly hooked.

鈥淚鈥檝e probably thought about it for at least a couple hours a day, every day, since I learned about it,鈥 Stuef says. 鈥淓very day.鈥

The treasure hunt immediately brought him back to his youth, when he was obsessed with a 2002 TV series called , which allowed viewers to try and solve a real-life mystery that carried a million-dollar prize. Stuef also got caught up in a book by magician David Blaine, , which combined autobiography with a treasure hunt and offered a $100,000 prize.

Over time, those teenage dreams of adventure receded, and Stuef went on to attend Georgetown University, where he served as editor in chief of the , a campus humor magazine. He graduated in December 2009 and began a career as a writer, both in humor鈥攈e worked for the Onion鈥攁nd in more traditional media. He became embroiled in a few controversies early in his career, both at Wonkette, which he left after he made what Poynter describes as and while freelancing for Buzzfeed, which after an article Stuef wrote incorrectly painted a popular internet cartoonist as a hard-line Republican. He left the media business soon after.

鈥淚 don鈥檛 think those were giant incidents,鈥 Stuef says. 鈥淚 regret them, but I don鈥檛 think about them very often. It was a long time ago now.鈥

He soon entered a postbaccalaureate program, and then enrolled in medical school. But he disliked most everything about medicine beyond treating patients, he says, and something else captured his attention: Fenn鈥檚 chase. He was soon reading the hunter blogs to learn the basics, and he bought Fenn鈥檚 memoir, The Thrill of the Chase, before diving into as much primary source material as he could find. His method was to devour every Fenn interview, doing anything he could to hear and absorb his words directly, in an effort to better understand the man鈥檚 personality and motivations.

As the hunt took up more and more of his time, Stuef mostly kept the extent of his pursuit hidden from friends and family. He didn鈥檛 think they would understand.

鈥淚 think I got a little embarrassed by how obsessed I was with it,鈥 Stuef says. 鈥淚f I didn鈥檛 find it, I would look kind of like an idiot. And maybe I didn鈥檛 want to admit to myself what a hold it had on me.鈥

Two years later, he had achieved what so many other searchers could not, finding and claiming Fenn鈥檚 treasure. (Stuef鈥檚 status as the finder was independently verified with the Fenn family.)He retrieved the chest on Saturday, June 6, 2020, in Wyoming, and began the long drive down to Santa Fe to deliver it to Fenn that same day. That evening, news of the find was already beginning to come out, as Fenn believed it must. 鈥溾榃e should let [searchers] know as soon as you have it,鈥欌 Stuef says Fenn told him.

鈥淗is thought was that, as soon as it鈥檚 out of place, we need to let people know,鈥 Stuef says. 鈥淧eople have died. There could be issues.鈥

Forrest Fenn posing for a photo in a bookshelf-filled room in his home in Santa Fe in 2014
Forrest Fenn at his Santa Fe home in 2014

Stuef asked Fenn, though, that he be allowed to remain anonymous, and they both seemed to agree that the location of the find should be kept secret.

But controversy quickly swirled, as many hunters, unsatisfied with the lack of disclosure, decided this meant that 鈥攖hat Fenn had never really hidden the treasure, or that he had unilaterally ended the hunt without a real finder. The backlash took Fenn by surprise, according to those around him. To address it, several weeks after the find, he released photos of the chest and of himself going through it after Stuef delivered it to Santa Fe, which provided enough confirmation for some. In July, Fenn suggested to Stuef that they also reveal the state where the treasure was found, in order to give further closure to some hunters. Stuef agreed.

Beyond that, though, he remained silent, and might have stayed that way for some time.

And then Forrest Fenn died.


On September 23, two weeks after Fenn passed away in his home at age 90, a post surfaced on Medium, a platform that allows users to self-publish essays and other writing, anonymously if they choose. Called 鈥,鈥 it carried the byline 鈥淭he Finder,鈥 along with a bio that declared: 鈥淭he author is the finder and owner of the Forrest Fenn Treasure.鈥

In 3,000 well-crafted words, the finder penned an ode to Fenn, who he described as his friend, even though he鈥檇 only known him briefly.

鈥淚 am the person who found Forrest鈥檚 famed treasure,鈥 he wrote. 鈥淭he moment听it happened was not the triumphant Hollywood ending some surely envisioned; it just felt like I had just survived something and was fortunate to come out the other end.鈥

In his essay, the finder revealed a great deal about the circumstances under which he had discovered the treasure鈥攂ut, crucially, he would not divulge exactly where he had located it, and said he didn鈥檛 plan to. He was also careful not to let any details about his own identity slip, indicating only that he was a millennial and had student loans to pay off. Beyond that, he was an enigma.

He explained that in 2018 he had figured out the location where the longtime Santa Fe art dealer and former fighter pilot wished to die, and then spent a combined 25 days over the next two years searching the general area until he finally located the treasure. He said that, to find the solution, he鈥檇 carefully listened to things Fenn had said in interviews, finding a few crucial crumbs.

鈥淸Fenn] never made more than a couple of subtle slip-ups in front of all the dogged reporters who came to his house, and even those apparently haven鈥檛 been caught by anyone besides me,鈥 the finder wrote.

He included pictures of the chest, some of them taken in the wilderness shortly after the treasure was found, others taken at what was assumed to be a lawyer鈥檚 office, showing Fenn examining the chest.

Still, there were doubters. Many searchers refused to believe that the Medium post was written by the true finder, and suggested it was fraudulent鈥攑erhaps written by Fenn鈥檚 grandson, Shiloh Old, or by his professional writer pal, , or even by Fenn himself before his death, intended to be released posthumously.

But I didn鈥檛 think any of that.听In fact, after finishing the essay, I was pretty certain it was all real. And although the finder wrote that he would eventually answer more questions, the journalist in me didn鈥檛 particularly want to wait, or to leave what he answered up to him alone.

So I reached out.

Medium doesn鈥檛 generally allow readers to directly contact the author of a piece, which is one reason it鈥檚 good for anonymous posting. It does allow users to post public comments, and more than 100 people quickly did that, most of them supportive, some skeptical, a few angry and aggressive. But I wasn鈥檛 going to just post my email address in the comments, where anyone could read it. Doing that left me no guarantee that the person I might end up in contact with would be the finder.

I had one trick up my sleeve, though. There鈥檚 a little-known way to send a direct message to the author of a Medium story: you flag a section of text, indicating that it contains an error or typo. This notifies the author that something needs to be corrected. The system doesn鈥檛 give you a lot of space, just enough to describe the problem. So I flagged a section, barely squeezed in who I was and my email address, and hoped for the best. I had no assurances that the finder would look at the message, or that he would understand exactly why he should get in touch. But it was worth a shot.

Less than a day later, an email popped into my in-box. The finder had replied. He鈥檇 heard of my book project, he said, and he might be willing to talk to me.

And so began months of back-and-forth, sometimes involving several emails a day. It didn鈥檛 really matter that I didn鈥檛 know who the finder was for most of that time. I hung on every detail, every minor revelation he offered up about the treasure that had occupied me for so long.


Last week, after a lull in our ongoing conversation, the finder emailed again, explaining that one of the court cases surrounding the find had taken an unexpected turn, and his name was likely to come out as part of the process. So he told me who he was, and gave me permission to tell the world.

The case that prompted him to step from behind the curtain was brought by a Chicago real estate attorney named Barbara Andersen, who of the treasure had located it by hacking her texts and emails and stealing her solve. She believed the treasure was in New Mexico.

Stuef says he never met nor heard of Andersen before the suit; he denies her charges and says the treasure was nowhere near New Mexico. That has not stopped a New Mexico federal court judge from allowing the suit to proceed. Last week, Stuef learned that, as a result of Fenn鈥檚 death, the subpoena against Fenn would be transferred to his heirs and estate, which is in possession of Stuef鈥檚 information. This should allow Andersen to refile her suit, naming Stuef as a defendant.

Stuef had expected that finding the chest would bring some level of blowback, that his possession of an item desired by so many makes him a target.

鈥淚 thought that whoever found the chest would be absolutely hated, because it ends everyone鈥檚 dream,鈥 he says. 鈥淭hat鈥檚 something of a burden. I realize I put an end to something that meant so much to so many people.鈥

But even if he anticipated challenges to his find, being a subject of a lawsuit has been an unsettling experience.

鈥淚 always thought that, based on people suing Forrest in the past, it was something that could happen,鈥 Stuef says.

This treasure hunt has never been easy on its participants; Fenn and his family experienced a great deal of harassment from searchers who went too far during the years the hunt was active鈥攅verything from stalking to threats to . This is why Stuef hoped to remain anonymous, and why, even now, with his name known, he won鈥檛 disclose where he鈥檚 living.

Many searchers I鈥檝e talked to appreciate his desire for anonymity, and I understand it as well. But one thing many searchers have a harder time grasping is Stuef鈥檚 decision to withhold where he found the treasure, even though the chest has since been removed.

People have died looking for the chest. Others have gone bankrupt. Many more have spent countless hours in search of it, and they want some degree of resolution. On our various excursions out West, my search partner and I both found ourselves a little too obsessed at points, and it took its toll. There are real human costs to this search, and knowing the final location could offer the desired sense of closure so many are now seeking.

Stuef says he鈥檚 sympathetic to those feelings.

鈥淭his is the most difficult question to answer, because I know there鈥檚 so many people who just want to know. They worked on this for a long time. And they just want to be handed the answer. I totally understand that. But doing that, I think, is a death sentence to this special place.鈥

Stuef fears that Fenn鈥檚 spot, if revealed, will become a pilgrimage site for Fenn devotees.

鈥淚t鈥檚 not an appropriate place to become a tourist destination. It has huge meaning to Forrest, and I don鈥檛 want to see it destroyed,鈥 Stuef says. 鈥淎nd as much as I tried not to develop an attachment to the place, eventually I did, as well. I had whole days out there looking, and I would take a nap in the afternoon every day, as I said on Medium, under the pine trees. It was very peaceful for me.鈥

Stuef is trying to find a balance between the various entities, because he feels responsible to all of them. To the search community and its desire to know the whole truth; to himself and his sense of what is right; to nature and this peaceful spot, which he does not want to see ruined; and to Fenn. Ultimately, Stuef believes he鈥檚 being consistent with what Fenn wanted when he was alive, and honoring his legacy.

鈥淗e didn鈥檛 want to see it turned into a tourist attraction,鈥 Stuef says of the treasure site. 鈥淲e thought it was not appropriate for that to happen. He was willing to go to great lengths, very great lengths, to avoid ever having to tell the location.鈥

Daniel Barbarisi’s new book on the Forrest Fenn treasure hunt, published in June 2021. (photo: Courtesy Knopf Publishing)

Because of his stand, talking to Stuef can be maddening at times. For my book, I鈥檝e interviewed him about his solve, discussed the process he used to come up with it, and chronicled the various searches he went on as he sought the exact spot, learning fascinating tidbits in the process. For example, he鈥檚 told me that one reason it took him two years to retrieve the treasure, even after figuring out the general area in 2018, was that the 鈥渂laze鈥濃擣enn鈥檚 all-important final clue, found out in the wilderness,听intended to let a searcher know they鈥檙e in the exact right spot鈥攈ad been damaged. He doesn鈥檛 mind being open with all of that. And yet there are still things he holds back or talks around, in order to make sure, even now, that no one can figure out the precise location.

Still, listening to Stuef talk about it, he makes it seem so attainable, so simple: that the key was really just understanding Forrest Fenn. Stuef hunted solo, never discussed his search with others, stayed away from the blogs after his initial looks at them, and tried hard not to get caught up in any groupthink. He did his utmost just to focus on Fenn鈥檚 words and primary sources, and understand those as best he could.

鈥淚 don鈥檛 want to ruin this treasure hunt by saying it was made for an English major, but it鈥檚 based on a close read of a text,鈥 Stuef says. 鈥淚 mean, that鈥檚 what it is. It鈥檚 having the correct interpretation of a poem. I understood him by reading his words, and listening to him talk over and over and over and over again. And seeking out anything I could get my hands on that told me who he was.鈥

When asked if figuring out the puzzles required the use of anagrams, or GPS coordinates, or sophisticated codes of any sort, Stuef was clear in his response.

鈥淣o,鈥 he says. 鈥淏ut I don鈥檛 want to say that people are stupid for thinking those things were valid, or that they were being irrational. I think Forrest designed this to be fun, and whatever people got out of it, that gave them fun, I think, to me, is rational. And they were doing it right, in that way.鈥

The solution, Stuef says, is tied far more to understanding Fenn鈥檚 emotions, and to a close examination of the poem itself, than to puzzle-solving skills. Fenn simply didn鈥檛 care about those kinds of things. He was more interested in adventure, legacy, history, narrative.

鈥淭here was no reason to think that those things would be something he was interested in, or had any experience in,鈥 Stuef says. 鈥淚 mean, he was coming to this not from the perspective of being a huge fan of puzzles or a puzzle master. He was not a fan of armchair treasure hunts. His point of reference was pirates! His purpose was not to create a great puzzle and show everyone how smart and slick he was. His purpose was this weird idea to entomb himself. And to create a historic legend. None of that supports armchair solutions. And he was open about that.鈥

So far, ownership of the chest has not made Stuef a rich man. He has not sold it yet, has not even had it appraised, but the expected windfall has allowed him to quit worrying about repaying his student loans for medical school. With that in mind, he has decided to leave the profession before becoming a practicing doctor, and may move into equities investing next.

鈥淚 was kind of in this sunk-cost-fallacy dead end with that, where I didn鈥檛 want to quit, because I didn鈥檛 know what else to do,鈥 he says. 鈥淚 didn鈥檛 know how to pay off my loans if I didn鈥檛 become a doctor. [The chest] was kind of my lifeline.鈥

Once the time is right, he still plans to sell the chest. When he does, he will try to honor a 鈥渇inal wish鈥 of Fenn鈥檚: to have the chest end up in a specific place where searchers can view it, though he declined to say exactly where.

鈥淏efore he died, he was going to try to help me with getting a certain party to buy it,鈥 Stuef says. 鈥淎nd I think his hope was that it would be able to be displayed. 鈥 And so that鈥檚 my first step. After that, I think I would probably try and sell to the public.鈥

If it gets that far, he鈥檚 unsure whether it would be best to sell it as a complete package, or to break it up, allowing individual searchers to own a piece of Fenn鈥檚 treasure.

鈥淚鈥檇 guess we kind of try and test the market in some way to see what it would sell for all together, because there鈥檚 a good chance it鈥檚 worth more all together, as the Fenn treasure,鈥 Stuef says. 鈥淏ut, you know, it鈥檚 possible. There are a lot of searchers out there who would want maybe one item in there, they couldn鈥檛 afford the whole thing, but it would mean a lot to them to have one item. So it is still possible to break out.鈥

With the chest located, one part of the treasure hunt is finished now鈥攖he chase, the part that obsessed all of us and pushed us to places we maybe shouldn鈥檛 have been. But the story has not ended. So many people have a stake in this hunt, it means so much to so many, that the tale didn鈥檛, and doesn鈥檛, end with a man finding a treasure chest.

That, in so many ways, is just opening up the box.