Latest on missing boater..........
 

Makes you wonder.........
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Millions of dollars revolve around missing man

10:17 PM CDT on Tuesday, September 16, 2003


By Jeremy Desel / 11 News




SEABROOK -- Did he die in an accident or flee the country? New details are emerging in that mystery involving a missing man last seen in Seabrook before his boat hit a barge off Kemah. Millions of dollars are swirling around this case.


There was not much left of the boat Living Extra Fast after it crashed into a barge in the ship channel on August 27. But no trace of the boat's owner, Mike Nixon, has ever surfaced.


In the wake of the crash there are more questions than answers. But what is sure is that there are millions of dollars in limbo. A lawsuit has already been filed accusing Nixon of reneging on a $4 million line of credit, notifications came just before the boat crash.


And there may be other money on the line as well. At least one, possibly two, personal loans of $500,000 each from other businessmen were issued just days before the crash. In addition several creditors required life insurance as a condition of doing business. That total is at least $5 million.


So depending on whom you talk to a range of $10 million to $12 million is in contention.


Nixon's attorney Scott Williams tells 11 News that there are several outstanding lawsuits that are also in legal limbo. Williams calls them normal business to business suits brought against Nixon or his company Delta Crane.


There are five or six suits outstanding and most have been in process for the last year or two. One case that is several years old is slated to go to trail in West Virginia next week but without a defendant.


Court records show the Nixon case has been entered into a probate court as is required by law. That happened on September 5. But with only circumstantial evidence of a death and no sign of any body a judge is going to have to decide the status in the case, essentially legally decide whether Mike Nixon is alive or dead. That could happen as soon as next week.

Definitely an interesting story !!!!

Hey Trout......

you aint talking about Elvis are ya ??? :D

I am not....oops,nevermind.

I got news 4 million will not go far nowadays having to live on the run.

I am sure Bank Fraud will be mentioned soon and that means the 'Wing-Tip" Gang and fun is over.

[QUOTE]Originally posted by Steve 1
[B]I got news 4 million will not go far nowadays having to live on the run.



That would depend on where you run to and how you want to live.

[QUOTE]Originally posted by Roger 1
[B]
Good point.

You could live out your life like a sultan with four million in Costa Rica.

Let me hold 4 mill, I'll let you know how it turns out.:D

This might sound stupid, but did they find any blood at all in the boat? Surely as torn up as that boat was he didnt eject straight out the top without touching something. Any thoughts on this?

I don't think so.

There is none in the pictures I've seen.