New info Galveston bay boat wreck
 

Channel 11 news just reported that the boat wreck might not have been an accident. The driver/owner of the boat had just taken out a loan for 4 million and the money dissappeared. The FBI is investigating his company and him. They think he might have jumped.

You are correct, things that make you go hummm there are many more things and many people are going hummm about this one...

I am told Coast Guard report is interesting reading. Not sure it is posted on the web but looking for it.

Here is story from KHOU web site.

Man missing after boating mishap is sued for millions

$4,000,000 was borrowed and not paid back

10:46 PM CDT on Wednesday, September 10, 2003

By Jeremy Desel / 11 News

SEABROOK – There's new information about a mystery involving a man missing for nearly two weeks after his boat hit a barge off Kemah. And authorities are hearing it may not have been an accident.

Mike Nixon was last seen at a boat dock in Seabrook. But no body knows for sure if he is alive or dead. The one thing that is sure is that the legal work in the case is already piling up.

Friends of Nixon say he knows how to live. He loves life, especially when at the wheel of one of his boats, which was called "Living Extra Large."

"Everybody around here likes this guy. He's a well-known captain," says boater Daniel Huston. "The nicest guy in the world."

Nixon was last seen filling his gas tanks at a dock in Seabrook. Hours later the wreckage of his boat, Living Extra Fast, was found in the Ship Channel. That was two weeks ago. There's still no sign of Nixon or a body.

But 11 News has learned that financial pressures on Nixon were mounting before his disappearance.

Nixon ran a company called Delta Crane based in an office building on Egret Bay Boulevard. A Minnesota bank filed a lawsuit Tuesday in Harris County District Court against Larry Michael Nixon, his company Delta Crane and several others including Nixon's ex-wife.

The suit alleges: "On February 25, 2003 Larry Nixon executed a written agreement providing a line of credit for $4,000,000."

The money was used but not paid back prompting the Bank according to the lawsuit to take action: "On August 5, 2003 provided Larry Nixon a notice of default, On September 2 made a demand for payment."

Nixon's boat crashed on August 27 and no body was ever found.

But the bank isn't the only one asking questions about Nixon and his business dealings. "There have been some calls we have received here," says Bob Dogium with the Houston office of the FBI. "And just like any other allegation, it's just that, at least for right now, an allegation. But it's our responsibility to look into it, try to dig into it a little bit and see if there's not something there."

The FBI is not calling it an official investigation, merely what they would call a preliminary inquiry in the case.

The attorney for Mike Nixon's estate did not return calls from 11 News.

However, Nixon's ex-wife says she is distraught and needs time to grieve. And that could be difficult until they find a body or more answers in this case.

:eek: :eek: :eek: :eek:

Here is a picture of Mike's boat at a recent Baja poker run.

He was caught today in a small town outside of Dallas Texas.


Ernie

Your kidding

Well that is an interesting turn of events.....

Just why did he have to jump from a boat. It's one more wreck on the books for ins co's to consider when raising my rates. Next time just park your car on a bridge n JUMP! :eureka:

Yeah.... people do that all the time at the Golden Gate.... but there are cameras that see them walking away and kind of screws up the insurance scam... :eureka: