The country was destroyed after something to do with a statue and was then ruled by Bulk Bogan.
Atlantis was formed in 500 by Gezol. As you can guess, he made a lot of money from this, but he was soon executed.
His mysterious son took over and arguably made things worse. The country fell apart, and everyone for the most part moved out.
Atlantis then came under the control of water breathing creatures from the Isopod Dimension. This didn't last however, and they were all eventually forced out,Soon after, Garfield granted Bulk Bogan a wish to become the king of Atlantis. He installed a North Korean type government where he ruled supreme.
to freeze the water above Atlantis. This caused the sea to fill with pure saltwater and created a great saltstorm surrounding the various countries. All Atlantises was destroyed, which caused the UnAmerican government to go after Bulk Bogan.
He does his country running duties from home, this keeps the UnAmerican government in the dark about his whereabouts. He will likely keep the even the country's residents in the dark about his whereabouts.