THE BRONX - A Bronx diver and his team say they've located a sunken ship near the Bronx that's believed to have treasure onboard.

Joe Governali says he has footage from their dives, taken in waters near the Bronx, that shows they've found the HMS Housar. Governali says the boat has $500 million worth of gold, silver and diamonds onboard.

The boat sank in November 1780 near the shore, but a hurricane then swept it away into deeper waters.